Majid Jafar is the CEO of Crescent Petroleum, the principal author and biggest investor of Dana Gas, and Vice-Chairman of the Crescent Group of organizations, a differentiated privately-owned company bunch settled in Sharjah in the UAE and dynamic across various modern areas and nations.
Dana Gas, the Middle East’s driving freely recorded provincial natural gas organization, and its accomplice, Crescent Petroleum, the most established private oil and gas organization in the Middle East, have announced record deals gas creation from their tasks in the Kurdistan Region of Iraq (KRI), arriving at 452 million standard cubic feet of each day (MMscf/d) toward the finish of 2021.
The creation achievement is the summit of various cycle upgrades at the Khor Mor gas plant, including a detour project finished in 2020 just as a debottlenecking program prior to 2018. Together, the cycle enhancements have developed the creation by 50% from 305 MMscf/d in 2018.
Dana Gas and Crescent Petroleum mutually work the Khor Mor and Chemchemal gas fields for the benefit of the Pearl Petroleum consortium, providing the gas which empowers genuinely necessary power age in the KRI and furthermore creating near 16,000 barrels of condensate and 1,000 tons of LPG each day. The fruitful interaction enhancements will be built up by the KM250 extension project at the plant which is presently under execution and will expand all-out limits by an extra 55 per cent to 700 MMscf/d by April 2023.
Significant works for the US$630 million KM250 extension project continued in April 2021 following a postponement of one year because of the COVID pandemic. The undertaking is presently on target for the new objective beginning date of April 2023. As a component of the extension works, the Company is likewise planning to bore up to five improvement wells, which are booked to start creation in March 2022.
The KM250 Gas Expansion Project is upheld by a US$250 million financing understanding for a considerable length of time with the U.S. Worldwide Development Finance Corporation (DFC) which was reported in September 2021. After the fruition of the KM250 project, the accomplices likewise plan a further KM500 train that would raise creation to just about 1 billion cubic feet each day to satisfy the rising need for cleaner-consuming flammable gas and power age in the Kurdistan Region and all of Iraq.
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