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Project Insights

Pakistan to open exploration bidding in November

The country will hold competitive bidding for 10 oil and gas exploration blocks on 10 November
By Staff reporter 25 October 2018 Asia Pacific / Exploration & Production 0 33050

Pakistan is set to hold competitive bidding for 10 oil and gas exploration blocks on 10 November, a Ministry of Petroleum Official told The News International on Tuesday.

The government is keen to increase Pakistan’s domestic oil and gas output to reduce its reliance on imports, which have ballooned in recent years to meet rising demand. The country is looking for international companies to bid – including those from Saudi Arabia, which have significant experience in oil production.

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