Oil & Gas Development Company Limited (OGDC) has signed a contract with Canada\u2019s Synergetic Oil Tools Inc. to deploy advanced Passive Energy Tool technology aimed at enhancing production from Pakistan\u2019s heavy crude oil fields.
\nThe contract signing ceremony was held at OGDC Headquarters in Islamabad. Canadian High Commissioner to Pakistan, Ambassador Tarik Ali Khan, attended ceremony as the chief guest along with MD\/CEO OGDC Ahmed Hayat Lak. Synergetic Oil Tools Inc. President and CEO Brian Herman joined the ceremony virtually. Senior representatives of OGDC, the Canadian High Commission and Synergetic also attended the ceremony.
\nAs part of the agreement, Synergetic will deploy Passive Energy Tool technology at OGDC\u2019s heavy oil wells to optimise production. The technology is designed to improve flow assurance in highly viscous crude oil wells by optimizing fluid characteristics, reducing the frequency of workovers, minimizing well downtime, lowering operating costs and decreasing the use of production chemicals.
\nSpeaking at the ceremony, MD\/CEO OGDC Ahmed Hayat Lak said the partnership demonstrates OGDC\u2019s commitment to adopting innovative technologies to address production challenges in heavy oil reservoirs. He said OGDC continues to explore opportunities with global technology providers to enhance production efficiency and maximize recovery from mature and technically challenging fields. He expressed confidence that the new technology would significantly reduce workover requirements and operating costs while improving production performance.
\nCanadian High Commissioner Ambassador Tarik Ali Khan highlighted the importance of cooperation between Pakistan and Canada in the energy and critical minerals sectors. He expressed confidence that the deployment of the technology would contribute to the development of Pakistan\u2019s upstream oil industry.
\nThe collaboration marks another step in OGDC\u2019s strategy to leverage advanced technologies for improving operational efficiency, enhancing production and supporting the sustainable development of Pakistan\u2019s oil and gas sector through international partnerships.<\/p>\n","protected":false},"excerpt":{"rendered":"
Oil & Gas Development Company Limited (OGDC) has signed a contract with Canada\u2019s Synergetic Oil Tools Inc. to deploy advanced Passive Energy Tool technology aimed at enhancing production from Pakistan\u2019s heavy crude oil fields. The contract signing ceremony was held at OGDC Headquarters in Islamabad. Canadian High Commissioner to Pakistan, Ambassador Tarik Ali Khan, attended …<\/p>\n","protected":false},"author":4,"featured_media":101196,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-101215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/101215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=101215"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/101215\/revisions"}],"predecessor-version":[{"id":101227,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/101215\/revisions\/101227"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/101196"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=101215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=101215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=101215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}