Pakistan’s Oil and Gas Development Company Limited (PSX: OGDC) has signed an agreement with Canada’s Synergetic Oil Tools Inc. to deploy advanced technology aimed at increasing production from the country’s heavy crude oil fields.
Under the agreement, OGDC will introduce the company’s Passive Energy Tool technology to improve production from highly viscous crude oil wells. The technology is expected to enhance oil flow, reduce the need for well maintenance, minimize downtime, lower operating costs, and decrease the use of production chemicals.
OGDC is Pakistan’s largest exploration and production company, holding the country’s biggest exploration acreage and the largest oil and gas reserves.
The company currently produces about 166,497 barrels of oil equivalent per day, accounting for 49 percent of Pakistan’s domestic crude oil production, 28 percent of natural gas output, and 34 percent of liquefied petroleum gas production.
The company operates several major oil and gas fields, including Qadirpur, Nashpa, Mela, KPD TAY, and Bettani, and continues to expand its exploration portfolio.
Earlier this year, OGDC announced an oil and gas discovery at the Baragzai X 01 exploratory well in Khyber Pakhtunkhwa. In late 2025, Pakistan also signed five exploration agreements with state owned and private companies covering three offshore and two onshore oil and gas blocks.
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