ISLAMABAD, JULY15: The Oil and Gas Development Company (OGDCL) Board Chairman, Zafar Masud, expressed his appreciation for Ahmed Hayat Lak’s exceptional work as OGDCL’s MD/CEO.Chairman of OGDCL Zafar Masud noted major operational improvements since Ahmed Hayat Lak took over in an interview with a private news TV program. He attributed these successes to a strategy centered on production optimization, indigenization, and transparency.
“To close operational gaps, we have made sure that policies, processes, and governance are transparent,” Masud said. He recognized the MD/CEO’s leadership in leading production optimization initiatives in all of OGDCL’s current fields. “We have seen a significant increase in production under Lak’s leadership, driven by our indigenization strategy,” Masud continued.
Citing ongoing efforts and strategic initiatives under Ahmed Hayat Lak’s supervision, he voiced hope regarding OGDCL’s future output gains. According to Zafar Masud, a thorough evaluation of the fields is necessary to identify any obstacles and determine the infrastructure, technological, and security requirements in order to boost the production of the oil and gas firms.The OGDCL Chairman underlined the vital necessity of an impartial, well-trained regulator in Pakistan’s oil and gas industry, pointing out that the lack of one is a significant barrier to sectors growth.
