PAST EXPERIENCE

UAE & OMAN

Quick Facts

  • Technical operator, until 2004, for the license concessions of Ajman, Ras Al Khaimah, Umm Al Quwain held by Atlantis/Sinochem. The work conducted by Crescent Petroleum included drilling of several exploration and appraisal wells.
  • Technical services provider to Novus Petroleum, during 2002-2003, which included the drilling of a discovery well in the shore of the Bukha Field, Offshore Oman.

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CANADA

Quick Facts

  • Crescent Petroleum acquired in 1989 a controlling interest in BRCL, which is a holder of significant oil and gas production and exploration acreage in Canada.
  • In 1990s, Crescent Petroleum sold its interest in BRCL.

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ARGENTINA

Quick Facts

  • Crescent Petroleum in joint venture with Golfo Petrolero obtained the Concession in 1981 for a block lying in the Jorge Basin in Argentina for 232 sq kms.
  • Twelve wells were drilled, which resulted in some oil production.
  • Crescent Petroleum subsequently sold its interest to another oil company.

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EGYPT

Quick Facts

  • Concession Holder in Western Egypt of 861 sq kms; 1990 through 1992.
  • Exploration work conducted included 200 kms seismic acquisition, processing, interpretation and drilling of an exploration well.
  • Structure containing 60 million barrels of oil identified but with low permeability; well tested at low non-commercial rates.
  • On expiry of the exploration, the concession was relinquished and handed back to the Government of Egypt.

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PAKISTAN

Quick Facts

  • Concession Holder of 2 blocks in the Potwar Basin of 2000 sq kms; 1986 through 1990.
  • Amoco (now bp) was the joint venture partner, and the exploration work conducted included 782 kms seismic acquisition, processing, interpretation and drilling of an exploration well.
  • On expiry of the permit, the blocks were handed back to the Government of Pakistan.

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YEMEN

Quick Facts

  • Concession Holder and Operator for Block 2 and 9 of 4000 sq kms each; Concessions obtained in 1991.
  • International partners : British Gas and Clyde Petroleum of United Kingdom, Louisiana Land & Exploration of USA, Itochu Oil Exploration Co. Ltd and Indonesia Petroleum Ltd of Japan.
  • Exploration work included 2000 kms seismic acquisition, processing, interpretation and drilling of 7 exploration wells.
  • Shows of hydrocarbons found and wells tested oil, but not in commercial quantities. Concessions relinquished.

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GULF SOUTH ASIA GAS PROJECT

Quick Facts

  • The GUSA Project comprised two main parts, viz the Upstream Development to produce the gas at the source in Qatar, and the Pipeline, which was to transport the gas to Pakistan.
  • The Upstream part included the development of a sector of the North Field of Qatar to produce natural gas of up to 1600 MMscfpd of pipeline quality gas for export to the Pakistan markets.
  • The Pipeline between Qatar and Pakistan, being 1186 kilometers, was to support the economics of a large diameter pipeline project.
  • Total project costs incurred in excess of US $ 30 million.

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IRAQ PROJECTS

Quick Facts

  • Crescent Petroleum is the only international oil company to have had a continuous presence in Baghdad for almost 20 years.
  • Crescent Petroleum signed in 2005 a Memorandum of Understanding (MOU) with the Oil Exploration Company (OEC) of Iraq, a division of the Iraqi Ministry of Oil. The agreement covers technical co-operation and training, and includes an exploration and appraisal study on an area assigned for Crescent Petroleum by OEC in southern Iraq.
  • A Joint Steering Committee for technical cooperation has also been set up between Crescent Petroleum and Iraq's Ministry of Oil to facilitate and implement the terms of the MOU.
  • Crescent Petroleum performed detailed studies and conducted negotiations with the Ministry of Oil for the development of the giant Ratawi oil field, in southern Iraq.

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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 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 due to commence in 2005, however, due to further technical issues and ongoing delays, the completion of the Iranian facilities to produce and transport the gas to CNGC was delayed, leading to contract termination in 2018.

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