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GAS SUPPLY PROJECT

Quick Facts

  • UAE Gas Supply Project involves the ownership, transportation, processing, distribution, marketing and sale of natural gas and petroleum products.
  • Crescent Petroleum is a gas resource owner and has rights to existing and future gas supplies, including a supply of gas underpinned by a 25 year agreement with National Iranian Oil Company (NIOC). NIOC is the second largest gas resource holder in the world. Total investment by NIOC to develop the gas reserves and install the infrastructure to-date is in excess of US$ 1.5 billion.
  • Crescent Petroleum through its affiliates has secured long-term agreements for the sale of gas with ultimate end-users in the UAE.
  • US $300 Million investment in the gas sweetening plant and the transmission facilities, which are owned by SajGas and UGTC respectively, both wholly owned subsidiaries of Dana Gas PJSC.
  • Gas deliveries by NIOC were expected to commence in 2008, however, due to further technical issues, the completion of the Iranian facilities to produce and transport the gas to CNGC was delayed. Recent information from NIOC about the status of the Iranian gas facilities to deliver the gas to Crescent Petroleum indicated further delay.

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MUBAREK FIELD

Quick Facts

  • Mubarek Field is one of the region’s prolific oil and gas discoveries.
  • Production commenced in 1974.
  • Estimated cumulative production to-date in excess of 100 million barrels of oil.
  • Production facilities have processing capacity of 60,000 bopd of oil and gas export pipelines with export capacity of 150 MMscfpd in place.
  • Capital investment in the Mubarek Field exceeds US$ 500 million with finding and development cost of US$ 2.90 per bbl
  • Concession handed over to Government upon expiry of license period

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DANA GAS

As a company, we believe that it takes the right blend of talent to successfully complete the challenging projects that we aspire to deliver. To meet our objectives, we are continuously looking for the right people with innovative ideas and a heartfelt desire to succeed.

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ONSHORE SHARJAH CONCESSION

Quick Facts

  • Onshore Sharjah block covers approximately 1243 sq km of acreage near existing gas - condensate fields.
  • The 2D seismic data was acquired by WesternGeco in Q3, 2008.
  • The data indicate significant potential recoverable volumes in line with existing onshore gas condensate field sizes in the Northern Emirates.
  • Crescent completed interpretation of the Thamama horizon and identified several leads and prospects with significant potential recoverable volumes in line with the existing onshore gas – condensate field sizes.
  • Farm-out agreement signed with Rosneft Oil Company early June 2010.
  • Drilling activity started in June 2010, in a project which involves drilling two exploration wells to an estimated depth of 15000 ft.
  • Concession handed over to Government upon expiry of license period

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SIR ABU NU’AYR CONCESSION

Quick Facts

  • Situated in the heart of one of the world's major and prolific hydrocarbon basins.
  • The acreage is flanked to the east by Dubai’s Fateh and Rashid oil fields complex, to the north by the Sirri oil field of Iran and to the west by the prolific oil and gas fields of Abu Dhabi.
  • Salt Dome hydrocarbon plays are prevalent throughout the Gulf of Mexico, the North Sea and within the Arabian Gulf.
  • Previous 2-D seismic survey indicates the project's considerable potential.
  • Comprehensive 3D/2D seismic survey design covering the island and the surrounding area of 12 nautical miles were conducted during 2008.

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KURDISTAN REGION OF IRAQ

Quick Facts

  • Crescent Petroleum and its affiliate, Dana Gas signed agreements in April 2007 with Kurdistan Regional Government of Iraq for  the development of its substantial gas resources, including the launch of the Kurdistan Gas City.
  • Agreements include the development, processing, and transportation of natural gas from the Khor Mor and Chemchemal Gas Fields, in order to provide natural gas supplies to fuel domestic electric power generation plants near Erbil and Suleymania.
  • Gas deliveries to the Erbil Power Station commenced on 1st October 2008 via the 180 km pipeline within a record period of 15 months.
  • The benefits to the Iraqi people include urgently needed electricity to 4 million Iraqi citizens alongside a saving of USD$ 2.5billion per year from displacement of liquid fuel import costs.

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HAMID JAFAR – CHAIRMAN

Hamid Jafar is the Founder and Chairman of the Crescent Group of companies. The Crescent Group includes Crescent Petroleum and Crescent Enterprises, the non-energy division of the Group, which together operate a variety of regional and international commercial ventures. Mr Jafar is also Chairman of the Board of Dana Gas (PJSC), in which Crescent Petroleum [...]

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THOMAS S. WATTS – EXECUTIVE DIRECTOR, PROJECTS

Mr. Thomas Watts joined Crescent Petroleum in 1989 and was initially responsible for the installation of Crescent Petroleum's offshore gas processing platform and pipeline, and later conceived, developed and implemented the Gas Supply Project. More recently, he played a pivotal role in securing the contracts with the Kurdistan Regional Government for 2 large gas fields [...]

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MUHAMMED E. MAKKAWI – EXECUTIVE DIRECTOR, PROJECTS

Mr. Muhammed Makkawi is a highly experienced engineer with direct involvement since 1983 in project management and development of new projects, mainly in the gas sector. Mr.Makkawi is the former Chief Engineer in Sharjah Container Terminal, and Site Engineer with Contracting & Trading Company (CAT) of Lebanon. Mr.Makkawi graduated in 1974 from the American University [...]

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