Dana Gas, Crescent Petroleum Raise Kurdistan Gas Output

Dana Gas and Crescent Petroleum, producing natural gas Iraq's Kurdish region as joint operators, have increased output 80,000 barrels of oil equivalent per day.

After four years of production in the region daily production includes 340 million cubic feet of gas per day and 15,000 barrels per day of condensate liquids, and there are plans for further expansion, Dana Gas said in a statement. The statement further added that total investment to date is close to U$1 billion and total cumulative petroleum production to date has exceeded 67 million barrels of oil equivalent, making it the largest by the private sector in Iraq’s oil and gas sector.

In total, over 279 billion cubic feet of gas and 13 million barrels of condensate liquids have been produced by the companies since the start of production in October 2008, with the gas supply to local power stations enabling 1,750 MW of new electricity supply locally.

The Kurdish section of northern Iraq has its own semi-autonomous government.