Milestone sets stage for drilling

SHARJAH: Crescent Petroleum, the Middle East's oldest and largest private oil and gas company, is pleased to announce the completion of the first phase in its 3D seismic campaign at the Khashim Al Ahmer block in Diyala Governate in Iraq. The milestone marks a major step forward in the development of the immense non-associated gas field, which promises to significantly contribute to Iraq's energy independence and support the Iraq government's efforts to improve electricity services while creating thousands of new jobs in the Diyala region.

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The seismic survey, which was completed on-time and on-budget, used the latest seismic modeling and improved subsurface resolution insight into the field's reservoirs, while enabling the placement of initial appraisal wells.

Crescent Petroleum will now also be issuing turn-key contracts on an accelerated basis for drilling the appraisal wells with spudding expected later this year.