Bids for 20 E and P blocks' auction to open on Friday.

ISLAMABAD -- The Petroleum Division (PD) is all set to open the bidding, received for the auction of 20 new oil and gas Exploration and Production (E and P) blocks, on Friday.

The tender inviting interested national and international companies to participate in the bidding process had been floated in national dailies on October 5, 2020.

The new blocks would be awarded in all the existing four zones I,II, III and I(F), namely Block-3068-6 (Killa Saifullah), Block-2762-2 (Desert), Block-3067-7 (Sharan), Block-3272-16 (Lilla) Block-3372-25 (Abbottabad), Block-3471-1 (Nowshera), Block-3372-26 (Hazro), Block-3273-5 (Jhelum), Block- 3372-27 (North Dhurnal), Block-2668-23 (Khewari East), Block-3068-9 (Nareli), Block-3068-10 (Block-28 North), Block-3170-11 (Dera Ismail Khan), Block-3069-9 (Suleiman), Block-3072-9 (Okara), Block-3171-2 (Nurpur), Block-2972-7 (Vehari), Block-2972-8 (Sutlej), Block-2770-4 (Islamgarh) and Block-2467-17 (Sujawal South).

Earlier in September 2018, the PTI government soon after coming into power realized the need to step up the exploration activities in potential areas and conducted a bidding round of 10 onshore exploration blocks, which was held after a gap of almost five years.

Unfortunately, the previous government remained unable to award even a single oil and gas exploration blocks during its five-year tenure...

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