Dana Gas, Crescent Petroleum Announce 30% Production Increase in Kurdish Field

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Dana Gas and its partner Crescent Petroleum have announced a 30% increase of the production capacity of the Khor Mor natural gas field in Iraqi Kurdistan, the company said in a statement on November 21.

The field’s production capacity has increased to 400 million standard cubic feet per day (mmscf/d), up from 305 mmscf/d, with over 15,000 barrels per day (b/d) of condensate.

“This production increase marks an important milestone as we also commemorate 10 years of continuous production, and the beginning of a new chapter of expansion in operations and production which will see a further investment of over $600 million over the coming few years,” Majid Jafar, CEO of Crescent Petroleum and Board Managing Director of Dana Gas, said.

The field supplies natural gas to power plants in Chemchemal and Erbil, and will soon supply a new plant in Bazian. The increase happened in the output capacity has increased the ability to supply the fuel power plants with the needed gas to be operated.

Khor Mor field is operated by Pearl Petroleum, a joint venture consisting of Dana Gas, Crescent Petroleum and three European companies. The companies have so far invested more than $1.4 billion into the field, and it has produced 250 million barrels of oil equivalent.

 

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