OGDC turns to US firm to boost oil output

The Express Tribune reported that Oil and Gas Development Company Limited (OGDC) has agreed a deal with US firm Baker Hughes. Under the arrangement, Baker Hughes will apply its Mature Assets Solutions to older wells with the aim of lifting domestic hydrocarbon output. The announcement came in a statement released on Tuesday.

The signing took place at OGDC headquarters in Islamabad, with Special Secretary Petroleum Mirza Nasiruddin Mashood Ahmad and US Chargé d'Affaires Natalie A. Baker attending as chief guests. OGDC MD and CEO Ahmed Hayat Lak and senior leaders from both companies were also present. The offering is meant to unlock added returns from established fields where output is naturally declining, and the partnership forms part of OGDC's wider Production Optimisation Drive.

Lak said OGDC is pursuing substantial engagements with leading service providers to lift production and bolster energy security. Ahmad said the partnership would help maximise domestic oil and gas output, supporting energy security. Baker called the deal a milestone in US-Pakistan energy cooperation, arguing that energy underpins economic security and that the collaboration would advance shared goals.