Dana Gas-Crescent Petroleum combine to resume $600m expansion in Kurdistan Region of Iraq
Current production at the field is 440 million cubic feet per day of natural gas as well as 15,700 barrels per day of condensate and 1,020 tonnes of liquified petroleum gas (LPG), or a total of 110,400 barrels of oil equivalent (boe) per day. This makes it the largest overall producer in Kurdistan Region of Iraq - and the largest private sector upstream gas operation in Iraq. Under a gas sales agreement signed in March 2019 with the Ministry of Natural Resources, Pearl Petroleum will sell the additional quantities of gas to supply the power stations. Over 80 per cent of the region’s curreny...