Dana Gas, Crescent Petroleum Achieve 50% Increase in Gas Production from KRI

Dana Gas, Crescent Petroleum Achieve 50% Increase in Gas Production from KRI

Dana Gas and Crescent Petroleum announced that they have achieved 50% growth in natural gas production from their field “Khor Mor” located in the Kurdistan Region of Iraq (KRI) reaching 452 million standard cubic feet of gas per day mmscf/d at the end of 2021, compared to 305 mmscf/d in 2018, Dana Gas said in a statement.

According to the statement, this remarkable achievement came as a result of several improvements done in the field. The two companies are jointly operating the field in addition to the Chemchemal field in order to supply the gas needed to generate electricity in the KRI.

Additionally, a KM250 expansion project is under implementation at the plant which will increase the total capacity by an additional 55% to 700 mmscf/d by April 2023. This project is being financed with $250 million by the U.S. International Development Finance Corporation (DFC). After completing the project, there is a plan for adding the KM500 train that would raise production to almost 1 billion cubic feet per day (bcf/d).

On this occasion, Majid Jafar, CEO of Crescent Petroleum and Board Managing Director of Dana Gas, said “The achievement of this production milestone underscores the progress we continue to make at Khor Mor to meet the rapidly growing demand for natural gas in the KRI. Despite the challenges the whole world has faced over the past two years, we are proud to have continued delivering uninterrupted supply of clean-burning natural gas to support the KRI economy and enable a healthy recovery.”

Furthermore, Patrick Allman-Ward, CEO of Dana Gas, said “This milestone is testament to our people and their hard work making consistent production growth possible at our Khor Mor gas plant. Our continued investments since 2018, notably the Khor Mor de-bottlenecking and bypass projects, have allowed us to deliver reliable supplies of clean energy to support the KRI economy and its people, with enhanced economic and environmental benefits which will increase as we further grow production.”

 

 

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