Pakistan

OGDCL, Kuwati oil giant ink deal

Strategic cooperation between the two companies envisages exploring opportunities in Pakistan, the Middle East

News Desk June 06, 2018

signing ceremony of OGDCL and KUFPEC agreement. PHOTO: EXPRESS

Oil and Gas Development Company Limited (OGDCL) and Kuwait Foreign Petroleum Exploration Company (KUFPEC) have announced a strategic cooperation initiative for evaluating future potential business opportunities in international upstream exploration and production.

The MoU for strategic cooperation was signed by KUFPEC South Asia Regional Manager Nawwaf S Alsalem and OGDCL Managing Director Zahid Mir.

The strategic cooperation between the two oil exploration companies envisages exploring opportunities jointly in Pakistan, the Middle East and other overseas blocks.

OGDCL makes second discovery of oil, gas in Khyber-Pakhtunkhwa

KUFPEC may offer OGDCL joint ventures in its international assets and blocks. OGDCL has also agreed for arrangement in Pakistan with KUFPEC. Both OGDCL and KUFPEC will collaborate in upcoming domestic and international opportunities.

OGDCL is the largest oil exploration company of Pakistan and KUFPEC is an international upstream company, engaged in exploration, development and production of crude oil active in 14 countries.

Published in The Express Tribune, June 6^th, 2018.