OGDC and Chinese Drilling Company Ink MoU for Gas Development in Pakistan

During the ongoing 8th Silk Road International Expo for Investment and Trade Forum in Xian, China, an MOU was signed between Oil and Gas Development Company Limited (OGDC) and Chuanqing Drilling Engineering Company Limited (CCDC), a subsidiary of China National Petroleum Corporation (CNPC). The MOU underscores the commitment of both countries to the development of Shale and tight gas potential of Pakistan to alleviate the energy needs of the country through Indigenous resources, a press statement read. Mumtaz Ali Soomro Executive Director ( Production) from OGDCL and Mr. Zhang Zhidong Vice President of CNPC Chuanging Drilling Engineering Company LTD signed the MOU for their respective organizations. Federal Minister of Energy ( Petroleum Division) Mr Musadik Malik and Ambassador of Pakistan to China Mr Khalil Hashmi were also present on the occasion. The Federal minister 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 the mutual benefit of both nations. 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, the press release concluded.