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Dana Gas sees 50% higher gas production in KRI over past 3 years

Dana Gas sees 50% higher gas production in KRI over past 3 years
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Abu Dhabi – Mubasher: Dana Gas and its partner Crescent Petroleum have registered a rise in sales gas production from operations in the Kurdistan Region of Iraq (KRI) to 452 million cubic feet of gas per day (MMscf/d) at the end of 2021.

Following several improvement processes at the Khor Mor gas plant, the production grow by 50% at the end of 2021 from 305 MMscf/d in 2018, according to a press release on Wednesday.

Meanwhile, the KM250 expansion project at the plant, currently under implementation, will raise the total capacity by an additional 55% to 700 MMscf/d by April 2023.

The CEO of Crescent Petroleum and Board Managing Director of Dana Gas, Majid Jafar, said: "Our major expansion plans at the Khor Mor and Chemchemal fields to target 1 billion cubic feet per day in the coming few years will enable improved services across the region for years to come."

Meanwhile, the CEO of Dana Gas, Patrick Allman-Ward, commented: "Our continued investments since 2018, notably the Khor Mor de-bottlenecking and bypass projects, have allowed us to deliver reliable supplies of clean energy to support the KRI economy and its people, with enhanced economic and environmental benefits which will increase as we further grow production."

It is noteworthy to mention that in September, Pearl Petroleum Company Limited, a consortium led by Dana and Crescent Petroleum, signed a seven-year financing agreement worth $250 million to support the gas expansion works at the Khor Mor gas plant in the KRI.