Dana Gas and Crescent Petroleum invested $1.1 billion in Khor Mor | Positions and Promotions

Dana Gas and Crescent Petroleum invested $1.1 billion in Khor Mor | Positions and Promotions:

"Dana Gas and Crescent Petroleum reported operating results for their major operations in the Kurdistan Region of Iraq. More than 402 billion cubic feet of gas and 20 million barrels equivalent of liquids have been produced.

As joint operators of the Khor Mor Field on behalf of the Pearl Consortium, they are currently producing an average of 80,000 barrels of oil equivalent (boe) per day, with total investment of $1.1 billion and total cumulative production of close to 100 million boe. This is the largest investment and production in the oil & gas sector of the Kurdistan Region of Iraq.

The daily production includes 335 million cubic feet of gas per day and 14,100 barrels of condensate, with an LPG capacity of over 1,000 tonnes per day. A maximum production rate of 87,700 boe per day was also achieved."

'via Blog this'