ISLAMABAD, September 1, 2026: Oil and Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production company, has signed a contract with US energy technology firm Baker Hughes to deploy Mature Assets Solutions aimed at reviving ageing oil and gas wells and increasing domestic hydrocarbon production.
The agreement was signed at OGDC Headquarters in Islamabad. Special Secretary Petroleum Mirza Nasiruddin Mashood Ahmad and US Chargé d’Affaires Natalie A. Baker attended the ceremony as chief guests. OGDC Managing Director and CEO Ahmed Hayat Lak, along with senior officials from OGDC and Baker Hughes, was also present.
Under the contract, Baker Hughes will provide technical expertise, advanced technologies and integrated capabilities through its Mature Assets Solutions programme to help OGDC identify new production opportunities and address operational challenges at fields experiencing natural decline.
The partnership forms part of OGDC’s broader Production Optimisation Drive, which is focused on extracting greater value from its existing production portfolio.
Speaking at the ceremony, Ahmed Hayat Lak said OGDC was engaging with leading global service providers to optimise oil and gas output and contribute to strengthening Pakistan’s energy security.
He expressed confidence that the project would be implemented efficiently and help rejuvenate the company’s mature assets.
Special Secretary Petroleum Mirza Nasiruddin Mashood Ahmad said the collaboration would support Pakistan’s energy security by helping maximise indigenous oil and gas production.
US Chargé d’Affaires Natalie A. Baker described the agreement as a milestone in the US-Pakistan energy partnership. She said energy remained a foundation of economic security and that cooperation between OGDC and Baker Hughes would advance the shared objective of strengthening Pakistan’s energy security.
Baker Hughes Global Director for Mature Asset Solutions Tarik Abdelfatah said the collaboration reflected shared priorities and would also explore new applications of technology in Pakistan.
OGDC currently has 18 major mature assets, including 12 oil fields and six gas and condensate fields.
The company’s existing production exceeds 40,000 barrels of crude oil per day, 815 million standard cubic feet of natural gas per day, 780 metric tonnes per day of LPG and 80 metric tonnes per day of sulphur.
The partnership reflects OGDC’s continued focus on maximising recovery from existing assets, increasing indigenous energy production and supporting Pakistan’s efforts to reduce dependence on imported energy.