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Pakistan gets bids for 15 out of 20 blocks
Response remains poor in second round of bidding for exploration blocks
PHOTO: REUTERS
ISLAMABAD:
Pakistan has received a rather poor response in the second round of awarding exploration blocks for onshore exploration rights to oil and gas production companies as it received bids for 15 out of a total of 20 blocks.
Sources told The Express Tribune that the Director General Petroleum Concession (DGPC) - a wing of the Petroleum Division - sought bids for 20 exploration blocks across the country in a bid to attract investment in the energy sector and boost exploration activities to enhance oil and gas production.