Joint Venture & Business Development
Introduction to JV & BD:
The Joint Ventures and Business Development (JV & BD) Directorate manages OGDCL's portfolio of operated and non-operated joint ventures. It liaises with regulatory bodies and explores business development opportunities both locally and internationally, focusing on core E&P sectors and new venture opportunities by diversifying in other areas.
Key JV Partners
Key Collaborations
- MOU with SLB for studying Geothermal potential of OGDCL fields
- MOU with Kuwait Foreign Petroleum Exploration Company (KUFPEC) for collaboration in the E & P sector locally and internationally
- MOU with Pakistan Refinery Limited (PRL) for potential investment in the refinery’s expansion & upgradation project
- MOU with United Energy Group (UEG) for collaboration in the E & P sector both locally and internationally
- MOU with Pakistan Minerals Development Corporation (PMDC) for collaboration in the mining sector of Pakistan
Business Development & International
Reko Diq Mining Project:
OGDCL has partnered with the federal and provincial governments, GHPL, PPL, and Barrick Gold Corporation for the Reko Diq copper and gold extraction project. OGDCL, PPL, and GHPL collectively hold a 25% equity stake. The project feasibility is in its final stage.
Pakistan International Oil Limited (PIOL)
OGDCL along with consortium partners; PPL (operator), MPCL and GHPL formulated PIOL in Abu Dhabi for offshore block-5 awarded by ADNOC. The award of concession is the first opportunity for Pakistani E&P companies to explore, appraise and develop oil and gas resources in Abu Dhabi along with establishing strategic partnership with ADNOC. Two wells has been successfully drilled. Exploration, Appraisal and development activities are being done on fast track basis. Field development plan submitted to ADNOC.
OGDCL unlocking Geothermal Potential
OGDCL is collaborating with SLB to develop a strategy for harnessing geothermal resources in hydrocarbon fields across Pakistan. This partnership will focus on evaluating the geothermal potential of 25 fields across three basins. Together, OGDCL and SLB will assess surface, subsurface, and well data to identify key areas and estimate geothermal capacity using advanced modeling techniques.
The initial pilot project will screen and evaluate nine fields for detailed analysis, including wellbore modeling and next steps. Through this collaboration, OGDCL aims to explore sustainable energy solutions and contribute to the nation's energy future.
