ISLAMABAD: Oil and Gas Development Company Ltd (OGDC) has signed a contract with US energy technology firm Baker Hughes on Tuesday to deploy advanced technology across its ageing oil and gas fields, seeking to reverse natural production declines and boost the country’s indigenous hydrocarbon output.
The agreement, signed at the OGDC Headquarters in Islamabad, forms part of the state-run explorer’s Production Optimisation Drive to unlock additional production from its existing portfolio rather than relying solely on new discoveries. Under the Mature Assets Solutions (MAS) programme, Baker Hughes will use its technical expertise, advanced technologies and integrated capabilities to identify untapped production opportunities and tackle operational challenges at OGDC’s mature assets.
OGDC operates 18 major mature assets, 12 oil fields and six gas and condensate fields. Its current production exceeds 40,000 barrels of crude oil per day, 815 million standard cubic feet of gas per day, 780 metric tonnes of LPG per day and 80 metric tonnes of sulphur per day.
This engagement with world-class service providers is aimed at optimising our oil and gas production and strengthening Pakistan’s energy security, OGDC Managing Director and CEO Ahmed Hayat Lak said. He expressed confidence that the project will be implemented efficiently to revitalise the company’s mature fields.Special Secretary Petroleum Mirza Nasiruddin Mashood Ahmad said the partnership will help maximise indigenous oil and gas production and contribute to the energy security.
US Charge d’Affaires Natalie A Baker called the agreement a milestone in the US-Pakistan energy partnership, saying energy is a foundation of economic security and the collaboration will advance the shared goal of strengthening Pakistan’s energy security.Baker Hughes Global Director Mature Asset Solutions Tarik Abdelfatah said the partnership will pursue shared objectives and explore new applications of technology in Pakistan.
