Energizing the Kurdistan Region of Iraq’s Future
Pearl Petroleum is a 5-company consortium comprised of the two leading independent Middle Eastern oil and gas companies Dana Gas and Crescent Petroleum, partnered with three major European energy companies OMV, MOL and RWE.
The consortium is producing and developing natural gas assets in the Kurdistan Region of Iraq, delivering major economic and social benefits to the region and beyond.
Khor Mor Field: 7 years of continuous production
Engaging in the development, production and sale of natural gas since 2008, Pearl Petroleum remains the largest private investor in Iraq’s gas sector. Through the Khor Mor gas field in Kurdistan, we continue to produce over 80,000 barrels of oil equivalent per day (boepd) with plans for further expansion.
RWEST acquires 10% stake in Pearl Petroleum
Pearl Petroleum operates two major gas fields in northern Iraq. Dana Gas and Crescent Petroleum, the original title holders for two major gas fields in the Country, has welcomed European partners to the consortium; OMV of Austria, MOL of Hungary and more recently RWEST of Germany.