OPERATIONAL EXPERIENCE
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 6 million residents alongside a saving of USD$ 2.5billion per year from displacement of liquid fuel import costs.
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.
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
UAE’s Crescent Petroleum to study oil exploration in Iraq
Dana Gas signs agreements with Kurdistan Regional Government of Iraq
Dana Gas signs agreements with Kurdistan Regional Government of Iraq
Iraq is ‘highest priority’ for Crescent
Crescent Petroleum completes successful drilling program in Mubarek Field
Crescent Petroleum Begins Producing from Mubarek K2-ST4
Sky Reports Production Up on 2 Mubarek Wells
Dubai’s DMCC launches new clean energy partnership
DMCC and EcoSecurities to work with Dana Gas and Crescent Petroleum on Emissions Reduction Projects
Iran, UAE’s Crescent closer to gas deal
Sharjah Government & Crescent Petroleum ink major deal
Crescent Petroleum and Sharjah government sign major deal
Dana Gas to supply gas to Iraq Kurds from mid-2008
Dana Gas Project in Iraqi Kurdistan over 70% Complete
Crescent Petroleum sponsors Iraqi universities at Global Education Conference in London
Free-market key to Sharjah’s growth – ‘Emirates Business 24/7’ interview with Majid Jafar
Iran says talks with Crescent positive
Interview with Majid Jafar
Crescent charters world’s largest aircraft to Iraq
Crescent Petroleum signs cooperation agreement with Reliance
Iraq gas fields on stream early August : Crescent
Crescent project nears completion
Crescent Petroleum and Dana Gas announce establishment of 461 million square feet site for Kurdistan Gas City
Crescent Petroleum and AMAR Foundation to launch development centre in Southern Iraq
Crescent Petroleum-Dana Gas Community Action Program
Crescent Petroleum and Dana Gas announce the start-up of First Gas in Kurdistan Region of Iraq
Crescent enters negotiations with provinces over gas cities
UAE’s Crescent, Dana eye 4 gas cities
Gas City in Egypt
MOL and OMV join Crescent and Dana Gas in Kurdistan region of Iraq
Crescent Petroleum and Dana Gas express confidence in Nabucco deal
Sharjah Chamber of Commerce and Industry to host the Emirates – Iraq Business Forum
GASCITIES LLC launches ‘Yemen Gas City’ in the presence of H.E. Yemeni Prime Minister
Crescent Petroleum executive wins CEO award
Gascities to boost energy sector – Gulf News interview with Badr Jafar
Arbitration panel to settle Crescent-NIOC gas dispute
Making the case for gas market liberalisation
‘The National’ interview with Badr Jafar
Crescent sponsors the 14th Annual Middle East Gas (MEGAS) Summit
Crescent Petroleum and Rosneft Oil Company sign Signifciant Strategic Cooperation Agreement
Drilling starts at SOC field
Rosneft joins Crescent Petroleum in Sharjah concession
Partnership with Rosneft
Putin hosts round table with Crescent
Crescent Group and UN launch Mideast initiative
Kurdistan flows on the rise
Cresent Group to strengthen Russia ties on energy
Badr Hamid Jafar, Executive Director of Crescent Petroleum, selected as a Young Global Leader by World Economic Forum
Sharjah gas supply arbitration next year
Gas vital to Middle East economies
5th annual Iraq Petroleum Conference is underway in London
Turning up the gas
Badr Jafar appointed to World Economic Forum Energy Security Council
Badr Jafar honored with LIBAN award
Consortium sets higher target for Kurdistan gas
Principles of a nation offered an advantage from the start
‘Art in Iraq today’ book launched
Crescent’s wise man looks north
Crescent Petroleum’s Chairman Mr. Hamid Jafar addressing the World Economic Forum in Istanbul
Youth unemployment in the Arab world: tackling the demographic time bomb
Crescent Petroleum and Dana Gas Kurdistan Production Reaches 70,000 barrels per day
Gulf gas production has 30 billion cubic feet per day more potential, Crescent Petroleum President tells participants in WEF Summit on Global Agenda
Dana Gas and Crescent Petroleum Kurdistan production reaches 80,000 barrels per day on 4th anniversary
Mideast to need $600b investment in oil and gas
Arab roots a boon in Crescent Petroleum expansion
BBC interviews Crescent’s CEO
Iraq Oil Report interviews Crescent CEO
Gulf Business interviews Majid Jafar
Crescent to enter Libya, Lebanon
Dubai One Interviews Majid Jafar
Crescent Petroleum’s CEO discusses opportunities within the private sector
Crescent Petroleum Highlights Importance of Environmental Policy for Regional Companies
Majid Jafar addresses youth unemployment (BBC Radio)
Gas: Plans develop to raise foreign sales
Dana Gas shareholder supports debt restructuring deal
Majid Jafar: One of the most powerful people in ME Oil & Gas
UAE’s Gas Cities and Saudi’s Construction Products Company International to develop industrial parks across MENA region
Majid Jafar’s BBC Radio-WEF Davos speech
Majid Jafar on CNBC at WEF Davos
Majid Jafar CEO Crescent Petroleum on CNBC Squawk Box
Crescent unveils big Russia expansion plans
Without a political deal on oil, Iraq cannot fulfil its potential
CNN Reports on Crescent Petroleum Kurdistan Project
Sharjah Crown Prince opens Crescent Petroleum Offices
Global Energy demand undergoing rapid change
Crescent Moon Rising
Crescent Petroleum CEO Majid Jafar on Al-Jazeera International
Crescent Petroleum CEO Majid Jafar interview in The Gulf magazine, “Stepping on the Gas”
Crescent’s CEO in CNN
Dana Gas and Crescent Petroleum Restore full LPG Capacity in Kurdistan
Targeting new horizons
Majid Jafar on Dubai Eye’s Business Breakfast
Majid Jafar expresses optimism behind energy exports
Crescent Petroleum’s CEO Majid Jafar on CNN’s Global Exchange
Majid Jafar on CNBC Europe’s Squawk Box “CEO Call”
Majid Jafar elected Deputy Chairman of the Global Energy Initiative
Majid Jafar named ‘Visionary of the Year’ at CEO Middle East Awards
Dana, Crescent Celebrate 5 Years Continuous Production in Kurdistan
Majid Jafar on CNBC Access Middle East
UAE’s Crescent Petroleum eyes Africa exploration
Majid Jafar: Corporate governance is vital to long-term wellbeing of company
Crescent Petroleum CEO Majid Jafar on CNBC
Crescent Petroleum CEO listed among top 100 business leaders and Energy CEO of the Year by Amwal Magazine
UAE Companies foreign investments exceed US$100 billion
Crescent Petroleum CEO op-ed in Arabian Business Magazine on unemployment in the Arab World
Crescent CEO: Despite US boom, MidEast still key
Crescent Petroleum CEO on CNBC at Davos
Crescent Petroleum President on CNN at Davos
The Jafar Brothers: Oil, gas and governance
Crescent CEO Majid Jafar speaking at the plenary of Global Education and Skills Forum
Crescent CEO launches Centre for Economic Growth in Abu Dhabi
Article in The Telegraph by Crescent CEO
Crescent CEO on CNN Quest means Business
Crescent Petroleum CEO Majid Jafar on CNN Business View
CEO Majid Jafar at WEF Summit in Dubai
UAE-Russia Energy Experts discuss Energy Security in an Era of Market Transformation in Abu Dhabi
Crescent Petroleum CEO calls for urgent regional economic action in Davos
CEO Majid Jafar at Davos on CNBC
CEO Mr. Majid Jafar on Bloomberg TV
Majid Jafar, Crescent Petroleum CEO, discusses Iraq’s oil sector on CNBC
Majid Jafar, Crescent Petroleum CEO, speaking at the Brookings Doha Energy Forum
Mr. Majid Jafar speaks on Infrastructure plenary panel with Gordon Brown
Mr. Majid Jafar interview on CNBC from the WEF Dead Sea Summit
Infrastructure Investment for Tackling Region’s Youth Unemployment
Crescent CEO Discusses Middle East Energy Reform on CNN
CEO Majid Jafar speaking to CNN at Davos
Low Oil Prices are an Opportunity for the Middle East
“Socio-Economic Benefits Report” for Gas Project in KRI Reveals Significant Impact
Crescent Petroleum CEO Sees Oil Reaching $60 This Year
Adoption of New Technologies Can Boost Regional Oil & Gas Sector in Face of Global Competition
Anitha Murali
Shakhawan Kamal
Amira Al Alami
KURDISTAN REGION OF IRAQ
Quick Facts
- Crescent Petroleum and its affiliate, Dana Gas signed agreements in April 2007 with Kurdistan Regional Government of Iraq for the development of its substantial gas resources, including the launch of the Kurdistan Gas City.
- Agreements include the development, processing, and transportation of natural gas from the Khor Mor and Chemchemal Gas Fields, in order to provide natural gas supplies to fuel domestic electric power generation plants near Erbil and Suleymania.
- Gas deliveries to the Erbil Power Station commenced on 1st October 2008 via the 180 km pipeline within a record period of 15 months.
- The benefits to the Iraqi people include urgently needed electricity to 6 million residents alongside a saving of USD$ 2.5billion per year from displacement of liquid fuel import costs.
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.
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
DANA GAS
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
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.
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.
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.
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.
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.
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.
MONTENEGRO (FORMERLY YUGOSLAVIA)
Quick Facts
- Crescent Petroleum in joint venture with Jugopetrol Kotor, obtained exploration rights for Block 1 in the Adriatic Basin of 3830 sq kms. 1973 through 1990.
- Exploration work included 4,200 kms seismic acquisition, processing, interpretation and drilling of 4 exploration wells.
- Good potential drilling prospects identified, but due to political turmoil Concession was returned.
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.
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.
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.