ISLAMABAD — Oil and Gas Development Company Limited (OGDC) has signed a strategic contract with US-based energy technology company Baker Hughes to deploy Mature Assets Solutions (MAS), targeting the revitalization of aging oil and gas wells to enhance Pakistan’s domestic energy production.

The signing ceremony took place at OGDC Headquarters in Islamabad. Special Secretary Petroleum Mirza Nasiruddin Mashood Ahmad and US Chargé d’Affaires Natalie A. Baker attended as chief guests, alongside OGDC MD/CEO Ahmed Hayat Lak and senior executives from both organizations.

“OGDC is pursuing meaningful engagements with world-class service providers to optimize oil and gas production and strengthen Pakistan’s energy security. We are confident that this project will be implemented efficiently to revitalize our mature assets.”

— Ahmed Hayat Lak, MD/CEO of OGDC

Core Objectives of the Partnership

Under the agreement, Baker Hughes will supply technical expertise, advanced technologies, and integrated capabilities to diagnose production bottlenecks, optimize recovery, and extend the lifespan of OGDC’s mature fields.

• Targeted Asset Pool: OGDC operates 18 major mature assets, which include 12 oil fields and six gas/condensate fields.
• Tech Deployment: Application of specialized subsurface analysis, well intervention, and reservoir engineering to unlock remaining reserves.
• US-Pakistan Energy Ties: US Chargé d’Affaires Natalie A. Baker highlighted the agreement as a significant milestone in advancing the broader US-Pakistan energy partnership.

Current OGDC Production Snapshot

The revitalization drive directly supports OGDC’s current daily operational throughput:

By leveraging Baker Hughes’ diagnostic and extraction technologies, OGDC aims to curb natural field decline rates and reduce the country’s reliance on imported hydrocarbons.