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Pakistan Partners with Canadian Firm to Boost Domestic Heavy Crude Output

Created at 4 Aug · 1:16 PM1 source↑ Market-relevant
IN SHORT

Pakistan's Oil and Gas Development Company Limited (OGDC) has partnered with Canada's Synergetic Oil Tools Inc. to deploy advanced technology aimed at optimizing and boosting production from heavy crude oil fields, reducing reliance on imports.

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Key Numbers

166,497 boepdOGDC's daily oil equivalent production
49%OGDC's share of domestic crude oil output
28%OGDC's share of Pakistan's natural gas output
34%OGDC's share of Pakistan's LPG output

Who's Involved

Oil and Gas Development Company Limited (OGDC)
Pakistan's national exploration and production firm
Synergetic Oil Tools Inc
Canadian firm partnering with OGDC
Tsvetana Paraskova
Author for Oilprice.com
Pakistan Partners with Canadian Firm to Boost Domestic Heavy Crude Output

↳ Why This Matters

The partnership aims to enhance Pakistan's energy security by boosting domestic crude oil production, reducing its dependence on volatile international markets and potentially attracting foreign investment in its energy sector.

Key facts

  • Pakistan's OGDC has partnered with Canadian firm Synergetic Oil Tools Inc.
  • The agreement focuses on deploying advanced Passive Energy Tool technology for heavy crude oil production.
  • The technology aims to optimize fluid characteristics, reduce workovers, and lower operating costs.
  • Pakistan is seeking to boost domestic crude output to lessen its dependence on imports.
  • OGDC is the largest exploration and production firm in Pakistan, holding substantial oil and gas reserves.
  • Pakistan's Oil and Gas Development Company Limited (OGDC) has entered into an agreement with Canadian firm Synergetic Oil Tools Inc. to implement advanced technology aimed at increasing production from the country's heavy crude oil fields. The collaboration will see the deployment of Passive Energy Tool technology, designed to enhance flow assurance in viscous crude oil wells, reduce the need for workovers, minimize downtime, and decrease operational expenses and chemical usage.

    This initiative aligns with Pakistan's broader strategy to bolster domestic crude oil production, thereby reducing its reliance on imports. The country is also encouraging oil producers from the Persian Gulf to establish crude reserve buffers at a planned Energy City near its ports. OGDC, as Pakistan's largest exploration and production company, holds the most extensive exploration acreage and the highest oil and gas reserves. The state-owned entity currently produces approximately 166,497 barrels of oil equivalent per day, contributing significantly to Pakistan's energy supply, including nearly half of its domestic crude oil output.

    Frequently asked questions

    The main goal is to boost production from Pakistan's heavy crude oil fields by deploying advanced technology.

    The agreement involves the deployment of advanced Passive Energy Tool technology.

    It is expected to improve flow assurance, reduce workovers, minimize downtime, lower operating costs, and decrease the use of production chemicals.

    Pakistan aims to reduce its reliance on oil imports and encourage the establishment of crude reserve buffers by Persian Gulf producers.

    What Happens Next

    01OGDC will deploy the Passive Energy Tool technology in its heavy crude oil fields.
    02The company will monitor the impact of the technology on production and operational efficiency.

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    How It Developed

    Pakistan's OGDC signed an agreement with Canada's Synergetic Oil Tools Inc.
    The deal aims to deploy advanced Passive Energy Tool technology to boost heavy crude oil production.
    The technology is designed to improve flow assurance, reduce workovers, minimize downtime, and lower operating costs.
    Pakistan seeks to increase domestic production to reduce import reliance and encourage foreign investment in energy infrastructure.
    OGDC is Pakistan's largest exploration and production firm, holding the highest oil and gas reserves.
    OGDC produces approximately 166,497 barrels of oil equivalent per day, accounting for a significant portion of Pakistan's domestic output.

    Sources

    T1
    Pakistan Partners with Canadian Firm to Boost Domestic Heavy Crude OutputOilPrice.com

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