In a statement the Ministry said, “Explorers have until October 4 to submit their bids. The winner will have to carry out 2D and 3D seismic surveys to assess the hydrocarbon potential of the block and drill one exploratory well during the initial three-year contract period.”

While the Ministry did not elaborate further, it is understood the move is part of the Pakistani government’s plans to encourage further E&P work in the country in order to lower its petroleum import bill, which averages around US$3 billion a year.