Pakistan’s Ministry of Petroleum and Natural Resources said it received 66 applications for exploration licenses to 50 blocks out of 58 blocks offered in a licensing round that ended Mar. 10.
It said spending commitments by applicants totaled more than $372 million.
Under a petroleum policy adopted last year, the government offered onshore blocks under concession agreements and offshore blocks under a production-sharing framework.
It hasn’t broken out bids by area or identified bidding companies.