OGDC Signs Deal With US Energy Giant To Unlock More Oil And Gas
Oil and Gas Development Firm Limited has signed a contract with US energy technology business Baker Hughes to growth oil and gas production from its mature fields as Pakistan seeks to raise domestic hydrocarbon output and reduce reliance on imported…
Oil and Gas Development Firm Limited has signed a contract with US energy technology business Baker Hughes to growth oil and gas production from its mature fields as Pakistan seeks to raise domestic hydrocarbon output and reduce reliance on imported energy.
Article outline
- What happened
- The key numbers
- The details
- A closer look
- The bottom line
Key points
- The contract was signed at OGDC's headquarters in Islamabad in the presence of Special Secretary Petroleum Mirza Nasiruddin Mashood Ahmad and US Chargé d'Affaires Natalie A.
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- OGDC operates 18 major mature assets, including 12 oil fields and six gas and condensate fields.
- OGDC CEO Ahmed Hayat Lak remarked the business was working with global service providers to optimize production and strengthen Pakistan's energy security.
Under the agreement, Baker Hughes will deploy its Mature Assets Solutions to support OGDC identify further production opportunities and address operational challenges throughout its ageing oil and gas wells.
In practice, the project forms part of OGDC's broader Production Optimization Drive focused on maximizing output from its existing asset base. Fauji Foundation Acquires Majority Stake In Askari General Insurance.
In practice, the contract was signed at OGDC's headquarters in Islamabad in the presence of Special Secretary Petroleum Mirza Nasiruddin Mashood Ahmad and US Chargé d'Affaires Natalie A. Baker. OGDC Managing Director and CEO Ahmed Hayat Lak and senior authorities from both businesses additionally attended the ceremony.
OGDC operates 18 major mature assets, including 12 oil fields and six gas and condensate fields. The firm at present produces more than 40, 000 barrels of crude oil per day, 815 million standard cubic feet of natural gas per day, 780 metric tonnes of LPG per day and 80 metric tonnes of sulfur per day.
Baker Hughes will provide technical expertise, advanced technologies and integrated capabilities under the agreement to support OGDC improve recovery from established fields where production has naturally declined. The firm stated the initiative would additionally explore new technology applications for Pakistan's mature oil and gas assets.
OGDC CEO Ahmed Hayat Lak remarked the business was working with global service providers to optimize production and strengthen Pakistan's energy security. Special Secretary Petroleum Mirza Nasiruddin Mashood Ahmad remarked the partnership would backing efforts to growth indigenous oil and gas production. Bestway Cement Could Lose Control of EV Making Subsidiary.
US Chargé d'Affaires Natalie A. Baker called the agreement a milestone in the US Pakistan energy partnership, saying cooperation between OGDC and Baker Hughes could backing the shared goal of strengthening Pakistan's energy security.
In practice, the project is projected to assist maximize recovery from existing fields and backing Pakistan's efforts to reduce its dependence on imported energy. Stay Connected with ProPakistani.
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In short, OGDC Signs Deal With US Energy Giant To Unlock More Oil And is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.
