OGDCL signs Baker Hughes deal to revive mature oil and gas assets

Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company, has entered into an agreement with US-based energy technology firm Baker Hughes to deploy Mature Assets Solutions (MAS) aimed at revitalising ageing oil and gas fields and boosting domestic hydrocarbon output.

 

The agreement was signed at OGDCL’s headquarters in Islamabad in the presence of Special Secretary Petroleum Mirza Nasiruddin Mashood Ahmad and US Chargé d’Affaires Natalie A Baker. OGDCL Managing Director and CEO Ahmed Hayat Lak, along with senior officials from both companies, attended the ceremony.

 

Focus on production from mature fields

 

The MAS programme is designed to help operators extract additional value from established fields facing natural production declines. Under the agreement, Baker Hughes will provide technical expertise, advanced technologies and integrated solutions to identify new production opportunities and address operational challenges across OGDCL’s mature assets.

 

The initiative forms part of OGDCL’s broader Production Optimisation Drive, which seeks to maximise output from the company’s existing portfolio rather than relying solely on new discoveries.

 

Ahmed Hayat Lak said OGDCL was pursuing partnerships with leading international service providers to improve oil and gas production and strengthen Pakistan’s energy security. He expressed confidence that the project would be implemented effectively to revitalise the company’s mature assets.

 

Special Secretary Petroleum Mirza Nasiruddin Mashood Ahmad said the partnership would support the government’s efforts to increase indigenous oil and gas production and enhance national energy security.

 

US Chargé d’Affaires Natalie A Baker termed the agreement an important milestone in the US-Pakistan energy partnership, noting that energy security remains closely linked to broader economic security.

 

Baker Hughes Global Director Mature Asset Solutions Tarik Abdelfatah said the collaboration would pursue common objectives while exploring opportunities to introduce new technological applications in Pakistan’s oil and gas sector.

 

OGDCL operates 18 mature assets

 

OGDCL currently operates 18 major mature assets, including 12 oil fields and six gas and condensate fields.

 

The company’s current production exceeds:

 

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

80 metric tonnes of sulphur per day

 

The partnership is expected to strengthen OGDCL’s efforts to maximise recovery from existing fields, increase domestic hydrocarbon production and help reduce Pakistan’s dependence on imported energy.

 

Overall, the MAS deployment represents a push toward extracting greater output from Pakistan’s existing hydrocarbon infrastructure through advanced technology and production optimisation.