UK-based exploration firm Orion Energy and Pakistan Petroleum have agreed to work together to develop the offshore oil and gas potential of Pakistan.
Taking place on the same day as David Cameron met with the newly elected Pakistani Prime Minister Nawaz Sharif over the weekend, the agreement suggests Pakistan’s and the UK’s energy sectors could be set for a growing relationship.
The British High Commissioner to Pakistan, Adam Thomson, described the Orion deal as a “clear signal” UK companies wish to do business with Pakistani partners in the energy sector.
He said: “The Government of Pakistan has flagged as the development of the energy sector as crucial to the economy and future prosperity of Pakistan and all its people. The UK Government looks forward to greater co-operation in the energy sector and increased trade and investment for mutual benefit.”