ISLAMABAD: In a welcoming development, Pakistan’s main exploration and production (E&P) companies – the Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) have qualified among 29 international companies for the bid round of Libya’s oil and gas block.
The country’s E&P companies, OGDCL, PPL and GHPL, have already invested and managed 40 percent stake in the oil and gas well in the UAE. It shows that Pakistan’s companies are successfully trying to expand their footprints abroad for exploration and production of oil and gas.
“OGDCL and PPL have qualified for the bidding process to win the Libya’s oil and gas block for which other international E&P companies from US, China, India, Malaysia, Qatar, Oman, UK, and other countries have been shortlisted, which will start from February 2026,” one of the senior officials of country’s main exploration and production company told this scribe.
In the investors’ category, Pakistan Government Holding Private Limited (GHPL) has also qualified.
