OGDCL signs contract with Baker Hughes to deploy MAS

Oil and Gas Development Company Limited (OGDCL) has signed a contract with US energy technology firm Baker Hughes to deploy its Mature Assets Solutions service, according to Business Recorder. The programme targets ageing oil and gas wells with the goal of lifting domestic hydrocarbon output. The signing ceremony took place at OGDCL's headquarters in Islamabad.

Under the agreement, Baker Hughes will contribute know-how, cutting-edge tools and combined service offerings to help OGDCL spot output gains and tackle obstacles at older assets. The tie-up is part of OGDCL's wider Production Optimisation Drive, which seeks to get more from its current portfolio. The company holds 18 significant mature assets, including 12 oil fields and six gas or condensate fields.

Current figures put crude output above 40,000 barrels daily, gas at 815 million standard cubic feet, LPG at 780 metric tonnes per day and sulphur at 80 metric tonnes per day. Special Secretary Petroleum Mirza Nasiruddin Mashood Ahmad and US Chargé d'Affaires Natalie A Baker were chief guests, and the latter called the deal a milestone in the US-Pakistan energy relationship.