Resource Expansion

OGDC is strategically advancing its resource expansion agenda to strengthen Pakistan's long-term energy security and unlock sustainable growth opportunities. Through a disciplined portfolio approach, the Company is expanding beyond conventional hydrocarbons, with a focus on internationalisation, diversification, and value accretive partnerships.

Alongside sustained investment in exploration, appraisal, and development activities to enhance its domestic resource base, OGDC is actively positioning itself in emerging sectors, including minerals and low-carbon energy solutions. These initiatives reflect a forward-looking strategy to build a more resilient, diversified, and globally integrated energy portfolio, underpinned by strong governance and responsible growth.

In line with its vision to expand its core operations internationally, the Company, along with consortium partners PPL, MariEnergies, and GHPL, participated in the second competitive exploration bid round held by ADNOC in December 2019. As a result, Offshore Block-5 in Abu Dhabi was awarded to the consortium on 31 August 2021. This milestone represents the first opportunity for Pakistani E&P companies to jointly explore, appraise, and develop oil and gas resources in Abu Dhabi, while also establishing a strategic partnership with ADNOC.

Subsequently, the Supreme Council for Financial and Economic Affairs (SCFEA) awarded a Production Concession Agreement to ADNOC and Pakistan International Oil Limited (PIOL) for Offshore Block-5 (3 fields). Under the agreement, PIOL holds a 40% participating interest, while ADNOC retains 60%.

Exploration prospectivity evaluation study and integrated reservoir study of the Mandous field have been completed, further strengthening the technical understanding and development potential of the block.

Reko Diq is a landmark mining venture hosting one of the world's largest undeveloped copper-gold deposits. In line with its diversification strategy, OGDC has entered into definitive agreements with the Federal Government, Government of Balochistan, GHPL, PPL, and Barrick Gold Corporation for the development and extraction of copper and gold resources at the Reko Diq project.

Barrick Gold holds 50% equity along with management and operatorship rights, while the Government of Balochistan holds 25% equity. The remaining 25% equity is equally shared among OGDC, PPL, and GHPL.

To facilitate the equity participation of the State-Owned Enterprises, Pakistan Minerals (Private) Limited (PMPL) has been established as a Special Purpose Vehicle (SPV). The feasibility study has been completed and early works have been initiated at the site.