Crescent Petroleum has extensive historical experience in exploration across many regions, some under very difficult and challenging environments, including political upheaval and civil war.
These successes were only possible due to Crescent Petroleum's pioneering spirit and regional knowledge which enabled the company to successfully carry out its operations. In parallel to this valuable regional knowledge, Crescent Petroleum has also developed deep expertise in seismic acquisition programmes, including the processing and interpretation of the seismic data to successfully decide on the location and target of exploration wells.
Apart from the United Arab Emirates (UAE), Crescent Petroleum has conducted several exploration programmes in Argentina, Egypt, Montenegro, Pakistan and Yemen in joint venture with international oil companies like AMOCO (Currently BP), British Gas, Inpex, Jugopetrol, Golfo Petrolero and others. Several line kilometres (km)/ square km of 2D and 3D seismic surveys were acquired in these countries in terrains varying from deserts, mountains to offshore and under physically difficult circumstances.
Crescent Petroleum has developed considerable experience and expertise in all aspects of Hydrocarbon Field development both offshore and onshore. This experience has been built up over 45 years of developing the complex offshore Mubarek field in the UAE and the onshore Khor Mor and Chemchemal fields in the Kurdistan Region of Iraq.
Crescent Petroleum has successfully taken these fields through the traditional field lifecycle on a fast-track development, utilising best international petroleum practices at record speed and reasonable cost. This experience has been complemented by exploration and drilling operations conducted in other regions of the globe.
Crescent Petroleum is also experienced in all aspects of the management and operation of structurally complex high pressure, deep carbonate reservoirs through the successful operation of the Mubarek field. Drilling in the Mubarek field was challenging because of the incidence of a thick plastic salt layer, fracturing, high-pressure water flows and a complex sequence of over-pressured and under-pressured formations.
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A particular area of focus for the long-term growth of Crescent Petroleum’s business is the development, marketing and utilisation of natural gas assets in the region.
At a time during mid 80s when natural gas was widely understood as an undesirable by-product of oil production, Crescent Petroleum took a contrary long view of the regional market and invested its resources, accordingly, pioneering several initiatives that inevitably placed us at the forefront of the region’s integrated long-term gas projects.
From upstream, through midstream, distribution and transportation and even into downstream gas processing and facilitating gas-based industries, we, as a local regional company, have sought to realize the maximum added-value of locally produced gas, as opposed to focusing just on exports as many IOCs with little incentive to develop the local economy tend to do. The value addition brought by Crescent Petroleum’s projects to the economies of the UAE and Kurdistan Region of Iraq are elaborated under the “Social Performance and Sustainability” section.
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