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Crescent Petroleum
2009-01-19
Diamond
Booth No. :62-63-64-65-119-120-121-122
Crescent Petroleum
UAE
Luay Jawad Iraq Country Director
Crescent Petroleum International
PO Box 211, Sharjah, United Arab Emirates
Tel +971 (6) 572 7000, Fax +971 (6) 572 6000
email@crescent.ae , www.crescent.ae
Actively contributing to the development of the Middle East
for over 35 Years
Crescent Petroleum is the oldest private exploration and production company in the Middle East, with over 35 years of experience as an international operator in numerous countries including Egypt, Pakistan, Yemen, Canada, Yugoslavia, Tunisia, Argentina, in addition to its continuing local operations in the United Arab Emirates. Headquartered in Sharjah in the UAE, Crescent Petroleum has international offices in the UK, Iran, and three locations across Iraq, as well as affiliated offices in Egypt, Canada, Saudi Arabia, and Bahrain. Crescent Petroleum is also the largest shareholder in Dana Gas, the Middle East‘s first and largest regional private-sector natural gas company.
In both onshore and offshore exploration and production, Crescent Petroleum has shown its vast level of experience in the construction and operation of oil and gas production facilities, pipeline transmission and the drilling of deep, high pressure/high temperature horizontal wells.
Crescent Petroleum is the only international oil company that has had a continuous presence in Iraq for the last 17 years, and has been the only international oil company to maintain an operational office in Baghdad throughout this period. Being the only Iraqi-owned international oil company, Crescent Petroleum is firmly committed to the long-term development of the Iraqi oil and gas industry and energy sectors.
Towards development across Iraq
Iraq Current Projects: In equal partnership, both Crescent Petroleum and Dana Gas are investing US$ 650 Million in a fast track gas development project in the region of Kurdistan, Iraq, the largest investment in Iraq for decades, providing employment opportunities for over 2,000 Iraqis of all ethnic groups, and saving the government over US$ 2.5 billion a year in imported fuel costs. The project is to develop, produce, process and transport gas from two major gas fields to fuel the urgently needed generation of electricity for at least 4 million Iraqis, which involves installing two brand new US-built processing plants and laying 180 kilometres of gas pipeline across mountainous and mine-field terrain.
“Gas City” Industrial Complex: In addition, Crescent Petroleum and Dana Gas are developing a joint gas strategy with the Kurdistan Regional Government to optimise economic value creation from gas, including essentially job creation. This strategy involves the creation of an innovative, sustainable, synergistic gas industrial complex. Similar gas strategies are being formulated for Anbar and Basra Governorates, where Crescent Petroleum is already engaged with the relevant provincial and federal authorities in a view to meet local infrastructure needs, fully utilize the currently flared gas, and launch the Anbar and Basra Gas Cities on an even larger scale than the one in the Kurdistan Region.
Other Iraq Projects: Crescent Petroleum had previously conducted a very large scale study of the Ratawi oil field in southern Iraq on the request of the Ministry of Oil, and had finalized a complete fast track development plan to achieve escalating oil production within 18 months reaching a plateau production of 250,000 barrel of oil per day. Crescent Petroleum had also conducted training courses for Ministry of Oil staff in reservoir modeling, together with hands-on training in geophysical processing and interpretation while conducting the recent study of an exploration area in southern Iraq also on the Ministry of Oil’s request under the jointly signed Memorandum of Technical Cooperation.
Corporate Social Responsibility (CSR) & Education: Crescent Petroleum has been actively involved in sponsoring important initiatives related to Iraq such as the AMAR-Crescent Development Centre in Basra; and has also sponsored three leading Iraqi universities (including Basra University, Baghdad University and The American University of Iraq in Sulaimaniya) to attend the GetEnergy 2008 educational conference in London. On CSR, Crescent Petroleum is playing a leading role in addressing local community needs, where it has donated power generators and water purification equipment to the Iraqi people, conducted several school building rehabilitation projects, and constructed a number of soccer and athletics fields in different locations in Iraq.
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