OGDC signs MoU with Chinese firm for gas development

MG News | September 23, 2024 at 10:04 AM GMT+05:00

0:00

September 23, 2024 (MLN): The Oil and Gas Development Company Limited (PSX: OGDC) and Chuanqing Drilling Engineering Company Limited (CCDC), China’s major player in Drilling and upstream Oil field Services, signed an MoU on Sunday for the development of Shale and tight gas potential of Pakistan.

The cooperation on shale gas / tight gas between OGDCL and CCDC will open up a whole new chapter of untapped energy potential that our country possesses.

Minister for Petroleum Musadik Malik witnessed the MoU signing ceremony at Xian in Shaanxi province of China during the ongoing 8th Silk Road International Expo for investment and trade forum.

The MoU underscores commitment of both the brotherly countries for the development of Shale and tight gas potential of Pakistan with an aim to alleviate energy needs of the country through indigenous resources, said a press release issued on Sunday.

Mumtaz Ali Soomro Executive Director ( Production) from OGDC and Zhang Zhidong Vice President of CNPC Chuanging Drilling Engineering Company LTD signed the MoU for their respective organizations.

Musadik Malik thanked the chinese side for hosting pakistan as the country of honor and hoped the cooperation and collaboration between the two countries will only strengthen in times to come in all areas of the energy sector for mutual benefit of both nations.

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