Zafar Masud, Chairman of the Oil and Gas Development Company (OGDCL) Board, praised Ahmed Hayat Lak, MD/CEO of OGDCL, for his exceptional leadership and contributions. In a recent interview with a private news TV channel, Chairman Masud highlighted significant improvements in OGDCL’s operations under Lak’s tenure. He credited these achievements to a strategic focus on transparency, indigenization, and optimizing production.
“We have implemented transparent policies and procedures to eliminate operational inefficiencies,” Masud emphasized. He acknowledged Lak’s pivotal role in driving production optimization efforts across OGDCL’s existing fields, leading to a notable increase in output. “Our strategy of indigenization, spearheaded by Lak, has been instrumental in this progress,” Masud added.
Looking ahead, Masud expressed confidence in further enhancing OGDCL’s production capabilities in the near future. He pointed to ongoing initiatives and strategic endeavors guided by Ahmed Hayat Lak.
Regarding strategies to boost production across Pakistan’s oil and gas sector, Masud underscored the importance of conducting thorough assessments of fields. This evaluation would identify impediments and outline infrastructure, technology, and security requirements essential for growth.
Additionally, Masud highlighted the urgent necessity for a well-trained and independent regulatory body in Pakistan’s oil and gas industry. He lamented its absence as a major hurdle to the sector’s development.
In conclusion, Chairman Zafar Masud’s remarks underscored the transformative leadership of Ahmed Hayat Lak at OGDCL and outlined strategic priorities essential for advancing the oil and gas sector in Pakistan.