ISLAMABAD: A senior-level delegation from Kuwait Foreign Petroleum Exploration Company (KUFPEC), Kuwait, led by Tareq M Ebrahim (EVP–Operations) and including Ali Taha Al-Temimi (Country Head–KUFPEC, Pakistan), Bader Al-Matar (Manager Asia Region), Nawwaf Al Salem (Manager Exploration), Khaled Al-Athainah (Manager Exploration, Pakistan) and Abdul Ghafoor (Sr Specialist Geologist, Pakistan), visited the OGDCL Head office and met with Ahmed Hayat Lak MD/CEO along with senior management team of the OGDCL.
During the visit, an MoU was signed between the two companies.
The objective of this MoU is to formalise joint evaluation of potential business opportunities in upstream projects in Pakistan and internationally, participation in bid rounds, joint studies, formation of a pool of technical experts/specialists from the companies, knowledge sharing and secondment of offices.
KUFPEC is a JV partner with OGDCL in Qadirpur and Makhad Blocks.
Both sides have agreed to constitute dedicated working groups for implementing agreed objectives in the MoU.
The leadership of both companies will monitor progress on a quarterly basis in order to ensure meaningful and effective cooperation between the companies. Tareq M Ebrahim on recommendation of MD/CEO–OGDCL agreed to hold a workshop of technical experts on production optimisation, as Kuwait has made significant progress in this domain and Pakistan can benefit from their experience.
The OGDCL will also have the opportunity of placing its technical professionals on a reciprocal basis on secondment with KUFPEC, which will help capacity building and experience sharing.
The delegation also visited the OGDCL Seismic Data Processing Centre and acknowledged OGDCL’s capacity and capability in upstream sector and its leadership role in the industry.
Tareq M Ebrahim underlined the commitment of KUFPEC of augmenting its presence in Pakistan by expanding the footprints in the E&P sector of the country in collaboration with the OGDCL.
The Kuwaiti delegation reiterated Pakistan’s importance in their business strategy for the region.
Copyright Business Recorder, 2023