ERBIL (Kurdistan 24) – Dana Gas and Crescent Petroleum announced a 30 percent gas production increase from the Kurdistan Region’s Khor Mor gas field, in a statement released by the consortium on Wednesday.
Located in Sulaimani Province’s Chamchamal district, the Khor Mor plant has been operational since 2008, supplying natural gas to a nearby power plant and another in Erbil.
“This production increase marks an important milestone,” Mr. Majid Jafar, CEO of Crescent Petroleum and Board Managing Director of Dana Gas, was quoted as saying in the statement.
The production growth came after an “expansion at the Khor Mor gas processing plant” which consisted of a “series of plant additions and modifications to de-bottleneck throughput,” the group added.
The upgrades led to “raising output capacity from 305 [Mscfd (million standard cubic feet per day)] of natural gas to 400 [Mscfd], with over 15,000 barrels per day of condensate.”
Jafar added there would be “a further investment of over $600 million over the coming few years and a more than doubling of production again” as they enter a new chapter of “expansion in operations and production.”
Pearl Petroleum, the company consortium led by Crescent Petroleum and Dana Gas of the UAE, has plans to expand their local training and employment programs where the companies employ close to 500 full-time local personnel.
In March, The Kurdistan Regional Government’s (KRG) Ministry of Natural Resources (MNR) signed a 10-year agreement for gas production and sales with Pearl Petroleum, seeking an increase in gas production in the region by 125 percent within two years.
Dana Gas is among the Middle East’s leading publicly-listed natural gas companies and is headquartered in Sharjah, the United Arab Emirates.
The company has been active in the Kurdistan Region since 2007 when it entered into agreements with the local government to develop its substantial gas resources.
Editing by Nadia Riva