Crescent Petroleum has signed three twenty-year agreements with Iraq's Ministry of Oil to appraise, develop and produce oil and gas from two blocks in Diyala governorate and one on Basra governorate. The contracts follow Crescent Petroleum's successful award in the Oil Ministry's Fifth Bid Round.
Crescent Petroleum will develop the Gilabat-Qumar and Khashim Ahmer-Injana fields in Diyala Province, to initially produce 250 million standard cubic feet per day (MMscfd) of natural gas. A third exploration block, the Khider Al-Mai block in Basra province, will be explored and developed to add further supplies of oil and gas.
Source: Crescent Petroleum