Dana Gas and Crescent Petroleum have launched the KM250 gas plant at Khor Mor in the Kurdistan Region of Iraq, boosting processing capacity to 21.2 mcm (750 mcf) per day, the companies said on Wednesday.
The USD 1.1 billion expansion project was completed eight months ahead of schedule and will enhance power generation and industrial output across the region by delivering an additional 7.08 mcm (250 mcf) per day of natural gas capacity.
KM250 will also produce 7,000 boepd of condensate and 460 tonnes per day of LPG, adding to existing output and reducing diesel use in the Kurdistan Region.
The project involved more than 6,000 tonnes of steel and 6.2 million man-hours, employing over 10,000 people at its peak and representing one of the largest private energy infrastructure developments in Iraq in recent years.
“Delivering KM250 ahead of schedule marks a significant achievement for Crescent Petroleum, Dana Gas, and our Pearl Consortium partners,” Crescent Petroleum CEO Majid Jafar said. “This accomplishment highlights our ongoing dedication to the Kurdistan Region of Iraq.”
“The additional capacity strengthens our production profile and is expected to deliver substantial annual revenue for Dana Gas,” Dana Gas CEO Richard Hall said.
Dana Gas is the Middle East’s largest publicly-listed private natural gas company, with operations in the UAE, Egypt and Kurdistan Region of Iraq. It holds more than one billion boe in 2P reserves and produced around 55,000 boe per day in 2024.
Crescent Petroleum, based in the UAE, is the region’s oldest private upstream oil and gas company, with active operations in Iraq and international experience in markets including Egypt, Tunisia and Argentina. It is the largest shareholder in Dana Gas.
In Iraq, both companies jointly operate Pearl Petroleum, a consortium supplying over 80% of the Kurdistan Region’s power needs. The company has helped reduce more than 59 million tonnes of CO2 emissions by replacing oil and diesel with natural gas.
Source: theenergyyear.com