OGDCL and American energy technology company Baker Hughes sign a landmark agreement to enhance production from 18 mature oil and gas assets in Pakistan.
ISLAMABAD: In a major development aimed at boosting domestic oil and gas production in Pakistan, an important agreement has been finalized between the Oil and Gas Development Company Limited (OGDCL) and leading American energy technology company Baker Hughes.
According to an OGDCL spokesperson, the primary objective of the agreement is to increase hydrocarbon output from aging oil and gas assets. Baker Hughes will utilize its advanced technology, technical expertise, and integrated capabilities to revitalize OGDCL’s mature assets.
The agreement forms a core part of OGDCL’s comprehensive production optimization campaign. OGDCL’s portfolio of 18 major mature assets targeted under this initiative includes 12 oil fields and 6 gas and condensate fields.
Currently, OGDCL’s total daily production stands at over 40,000 barrels of crude oil, 815 MMSCFD of natural gas, and 780 metric tonnes of LPG.
The partnership marks a vital step forward in strengthening Pakistan’s energy security and accelerating domestic hydrocarbon output, with the ultimate goal of maximizing yields from existing assets and reducing reliance on imported energy.
US Chargé d’Affaires Natalie A. Baker hailed the agreement between OGDCL and Baker Hughes as a significant milestone in the ongoing Pak-US energy partnership.