Pearl Petroleum Co. Ltd., a five-company consortium based in Sharjah, has signed a 10-year gas sales agreement with the Kurdistan Regional Government (KRG) that will allow production from Khor Mor natural gas field in Kurdish Iraq to increase to 385 MMcfd by yearend from 305 MMcfd at present.
The company last year reached an arbitration settlement with the KRG that included $1 billion in cash for past receivables and a commitment to expand investment and operations (OGJ Online, Oct. 23, 2013).
The expansion is to include a multiwell drilling program in Khor Mor and Chemchemal fields, operated for Pearl by Crescent Petroleum and Dana Gas, which hold 35% interests each in the consortium.
Pearl said debottlenecking will achieve the initial production increase from Khor Mor.
It plans to boost output from the fields eventually to 900 MMcfd.
A 58-km, 24-in. pipeline connects the Khor Mor field and gas processing plant with a power station at Chemchemal field to the north. A 116-km, 24-in. pipeline connects Chemchemal with a power station at Erbil.
Other partners in Pearl Petroleum are OMV, MOL, and RWEST.
