AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The government of Pakistan has provisionally allocated 13 new onshore exploration blocks as part of the Directorate General of Petroleum Concessions (DGPC) Bid Round 2025. This move is expected to revitalize the exploration and production (E and P) sector, which has been stagnant due to delayed development strategies.
Recent adjustments in gas prices have provided local E and P companies with the financial stability needed to embark on these long-postponed projects. This rationalization of prices is seen as a critical step towards enhancing the sector’s liquidity, allowing companies to plan and execute their development strategies effectively.
The improved security situation in the country is anticipated to further support the growth of the E and P sector. This improvement is complemented by the initiation of mining activities led by the Special Investment Facilitation Council (SIFC) and the progression of the China-Pakistan Economic Corridor (CPEC) into its second phase.
According to AKD Securities Limited, these developments are expected to set the stage for a revival in exploration activities, potentially leading to increased energy production and economic benefits for the country. The company’s report emphasizes the significance of these measures in fostering a conducive environment for E and P activities.
The allocation of new exploration blocks and the favorable changes in the regulatory and security landscape signal a positive outlook for Pakistan’s energy sector, which has long been in need of rejuvenation.