Oil and Gas Development Company Ltd (OGDCL) has assigned 2.5% working interest in the Gwadar 2561-1 EL (Makran-Balochistan Flysch Belt) onshore exploration licence to Government Holdings (Pvt) Ltd (GHPL) with effect from 20 December 2017. As a result the new equity split is as follows: OGDCL 97.5% (operator) and GHPL 2.5%. The Gwadar block covers an area of 2,407 sq km and it is located in the Kech and Gwadar districts of Balochistan province. OGDCL was exclusively awarded this block with the signing of Petroleum Concession Agreement (PCA) on 21 March 2014.  Â 
Oil and Gas Development Company Ltd (OGDCL) has assigned 2.5% working interest in the Gwadar 2561-1 EL (Makran-Balochistan Flysch Belt) onshore exploration licence to Government Holdings (Pvt) Ltd (GHPL)