Dana Gas, the Middle East’s largest regional personal sector pure fuel firm at this time introduced that the manufacturing of gross sales fuel from Pearl Petroleum’s Khor Mor Gas Plant within the Kurdistan Region of Iraq (KRI) reached a file stage of 418MMscf/d on 18 November 2020.
Dana Gas, which owns a 35% stake in Pearl Petroleum, registered a 6% 12 months on 12 months improve in manufacturing in the course of the third quarter of 2020 to 32,400 boepd, pushed by the completion of a brand new plant bypass challenge in August.
Dr Patrick Allman-Ward, CEO of Dana Gas, commented:
“We are very happy that Pearl Petroleum has achieved this essential milestone at Khor Mor, which is the results of our continued efforts to maximise plant manufacturing. This essential achievement, delivered underneath tough situations as a result of world pandemic, was the results of the set up of the plant bypass in August mixed with a rise in fuel demand because of seasonal climate situations. It can be testomony to the tireless efforts of our workers on the plant to optimise plant efficiencies and reliability.
We are additionally very happy to announce that after a delay within the implementation of the primary 250 MMscf/d fuel processing practice following border closures and journey restrictions ensuing from COVID-19, that we anticipate recommencing civil engineering works on location within the subsequent few weeks. All the events engaged on the Khor Mor challenge are totally dedicated to executing the enlargement challenge as shortly and as safely as potential. We now count on first fuel from the challenge’s first fuel processing practice in Q1 2023 and we’re additionally analyzing methods to cut back the schedule additional. When carried out, the challenge is predicted so as to add between $175 million and $200 million yearly to Dana Gas’s revenues.”
Dana Gas is the Middle East’s first and largest regional personal sector pure fuel Company established in December 2005 with a public itemizing on the Abu Dhabi Securities Exchange. It has exploration and manufacturing property in Egypt, Kurdistan Region of Iraq (KRI) and UAE, with 2P reserves exceeding one billion boe and common manufacturing of 66,200boepd in 2019. With sizeable property in Egypt, KRI and the UAE, and additional plans for enlargement, Dana Gas is enjoying an essential function within the quickly rising pure fuel sector of the Middle East, North Africa and South Asia (MENASA) area.
(Source: Dana Gas – Image: Khor Mor fuel plant in Kurdistan Region of Iraq/Christopher Pike)
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