Milestone sets stage for appraisal drilling and full-field 3D seismic to prove-up reserves of the massive non-associated gas field Development of the project will create thousands of jobs in Diyala and elsewhere in Iraq, while reinforcing Iraq’s energy independence with a major new source of gas Al-Qadi: “Reaching this milestone in record time underscores the [...]
KM-250 expansion project accelerates for completion and commencement by Q1 2026, to boost capacity over 50%. Partners approve $160 million fast-track appraisal and initial development of Chemchemal field plus pursue additional appraisal program to unlock Khor Mor field further hydrocarbon potential. Pursuing various funding options including fixed-income opportunities which may result in a new senior [...]
Prime Minister Mohammed Shia Al-Sudani chaired a meeting with representatives of Crescent Petroleum, in the presence of the Ministers of Oil and Electricity. During the meeting, the government’s plans to proceed with gas investment in partnership with the private sector were discussed. His Excellency directed the Ministry of Electricity to move forward with contracting Crescent [...]
In an exclusive interview with Dean Mikkelsen, Editor of Oil & Gas Middle East, Majid Jafar, CEO of Crescent Petroleum and board member of Dana Gas, delves into the intricate dynamics of the energy transition
Dubai: Gulf Cooperation Council (GCC) economies are experiencing a golden age of growth and development supported by a positive cycle of reform, higher oil revenues, and falling interest rates, Majid Jafar, CEO of Crescent Petroleum, told an audience of business leaders, policymakers, and NGOs at the World Economic Forum in Davos.
Last year the world saw record temperatures amid a global consensus on the need to decarbonize energy systems. Yet 1 billion people in OECD developed economies consume more energy and are responsible for more of the historic stock of carbon in the atmosphere, than the 7 billion in the Global South.
