MAP: Kurdistan’s oil and gas gains
ERBIL, September 22, 2017 – The Kurdistan Region of Iraq has gained renewed attention this month due to a non-binding independence referendum scheduled for September 25. However, whatever the outcome of the vote, the Kurdistan Region’s energy industry is poised for a leap forward in its gas production.
To view a map of developments in Kurdistan’s oil and gas industry, click here.
In late August, the Kurdistan Regional Government (KRG) agreed to pay USD 1 billion to the Pearl Petroleum consortium following four years of arbitration. The consortium, comprising UAE-based Dana Gas and its parent company, Crescent Petroleum, will resume development of Kurdistan’s Khor Mor and Chemchemal fields under the agreement.
The resolution of the dispute is expected to have a broader impact on gas production in the region, enabling the development of pipeline infrastructure that will allow other companies to bring their gas assets on stream. Russia’s Rosneft is in now talks with the KRG to build an export pipeline to carry gas from fields in the region to neighbouring Turkey and on to Europe.
At the same time, Kurdistan’s oil production has also been on the rise over the past decade, with both older discoveries and new fields being brought on stream.
TOGY’s newest story map offers a visual review of 15 years of development in Kurdistan’s oil and gas industry.