Crescent Petroleum raises Iraqi Kurdistan gas production

09 August 2012

Khor Mor field now up to 70,000 barrels of oil equivalent a day

Sharjah-based Crescent Petroleum and its partner Dana Gas have increased gas production at their operations in the Kurdistan Region of Iraq to 70,000 barrels of oil equivalent a day (boe/d)

Production includes 330 million cubic feet a day (cf/d) of gas and 15,000 barrels a day (b/d) of condensates, according to a 7 August company statement.

Production began in October 2008, with gas supplied to local power stations producing 1,750 MW of electricity.

Crescent Petroleum and Dana Gas operate the Khor Mor field as the Pearl Petroleum Company, along with Austria’s OMV and Hungary’s MOL. They have so far invested more than $963m under contracts signed with the Kurdistan Regional Government (KRG) for the Khor Mor and Chemchemal blocks in April 2007.

Crescent says it is now in discussions with the KRG’s Ministry of Natural Resources over the next phase of development and expansion.

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