UAE & OMAN
Quick Facts Technical operator, until 2004, for the license concessions of Ajman, Ras Al Khaimah, Umm Al Quwain held by Atlantis/Sinochem. The work conducted by Crescent Petroleum included drilling of several exploration and appraisal wells. Technical services provider to Novus Petroleum, during 2002-2003, which included the drilling of a discovery well in the shore of […]
CANADA
Quick Facts Crescent Petroleum acquired in 1989 a controlling interest in BRCL, which is a holder of significant oil and gas production and exploration acreage in Canada. In 1990s, Crescent Petroleum sold its interest in BRCL. Crescent Petroleum also held the controlling interest in Buttes Resources Canada Limited (BRCL) which it acquired in 1989. BRCL […]
ARGENTINA
Quick Facts Crescent Petroleum in joint venture with Golfo Petrolero obtained the Concession in 1981 for a block lying in the Jorge Basin in Argentina for 232 sq kms. Twelve wells were drilled, which resulted in some oil production. Crescent Petroleum subsequently sold its interest to another oil company. Crescent Petroleum held a 52.44% interest […]
MONTENEGRO (FORMERLY YUGOSLAVIA)
Quick Facts Crescent Petroleum in joint venture with Jugopetrol Kotor, obtained exploration rights for Block 1 in the Adriatic Basin of 3830 sq kms. 1973 through 1990. Exploration work included 4,200 kms seismic acquisition, processing, interpretation and drilling of 4 exploration wells. Good potential drilling prospects identified, but due to political turmoil Concession was returned. […]
EGYPT
Quick Facts Concession Holder in Western Egypt of 861 sq kms; 1990 through 1992. Exploration work conducted included 200 kms seismic acquisition, processing, interpretation and drilling of an exploration well. Structure containing 60 million barrels of oil identified but with low permeability; well tested at low non-commercial rates. On expiry of the exploration, the concession […]
PAKISTAN
Quick Facts Concession Holder of 2 blocks in the Potwar Basin of 2000 sq kms; 1986 through 1990. Amoco (now bp) was the joint venture partner, and the exploration work conducted included 782 kms seismic acquisition, processing, interpretation and drilling of an exploration well. On expiry of the permit, the blocks were handed back to […]
YEMEN
Quick Facts Concession Holder and Operator for Block 2 and 9 of 4000 sq kms each; Concessions obtained in 1991. International partners : British Gas and Clyde Petroleum of United Kingdom, Louisiana Land & Exploration of USA, Itochu Oil Exploration Co. Ltd and Indonesia Petroleum Ltd of Japan. Exploration work included 2000 kms seismic acquisition, […]
GULF SOUTH ASIA GAS PROJECT
Quick Facts The GUSA Project comprised two main parts, viz the Upstream Development to produce the gas at the source in Qatar, and the Pipeline, which was to transport the gas to Pakistan. The Upstream part included the development of a sector of the North Field of Qatar to produce natural gas of up to […]
IRAQ PROJECTS
Quick Facts Crescent Petroleum is the only international oil company to have had a continuous presence in Baghdad for almost 20 years. Crescent Petroleum signed in 2005 a Memorandum of Understanding (MOU) with the Oil Exploration Company (OEC) of Iraq, a division of the Iraqi Ministry of Oil. The agreement covers technical co-operation and training, […]
GAS SUPPLY PROJECT
Quick Facts UAE Gas Supply Project involved the ownership, transportation, processing, distribution, marketing and sale of natural gas and petroleum products. Crescent Petroleum through its affiliates secured long-term agreements for the sale of gas with ultimate end-users in the UAE, thus establishing a market for the imported gas. Over US $300 Million investment in the […]