The Mubarek Facilities

• Mubarek Field is one of the region’s prolific oil and gas discoveries
• In continuous production since 1974.
• Estimated cumulative production to-date in excess of 100 million barrels of oil.
• Production facilities have processing capacity of 60,000 bopd of oil and gas export pipelines with export capacity of 150 MMscfpd in place.
• Capital investment in the Mubarek Field exceeds US$ 500 million with finding and development cost of US$ 2.90 per bbl.

MUBAREK FIELD - GENERAL LAYOUT OF PIPELINES & FACILITIES

The field production facilities have a processing capacity of 60,000 bopd of oil and 150 MMscfd of gas for export. The processing complex provides for stabilization of the crude/condensate mix, dehydration and compression of the export gas, and artificial lift of the Ilam/Mishrif oil wells with compression capacity of 30 MMscfd for gas lifting.

Crescent Petroleum operates a 600,000 barrel Floating Storage Unit (FSU) that rotates to wind and tide around a fixed turret mooring system, through which output from the production complex reaches the FSU. Export tankers subsequently lift the produced liquids from the FSU. The field facilities are also connected to the Dubai gas market through a 92 km, 16” natural gas pipeline with a nominal capacity of 150 MMscfd. Crescent Petroleum is the Operator and owner of the line which was installed in 1992. Wells in the field produce from the Ilam/Mishrif (12,500 ft sub-sea) and also from the Thamama (15,500 ft sub-sea). Drilling in the Mubarek Field is challenging because of the incidence of a thick and plastic salt layer, fracturing, high pressure water flows and a complex sequence of overpressure and under pressured formations. The Company held the record in the early 1990’s for drilling the world’s deepest short radius horizontal well.

Crescent Petroleum has developed considerable experience and expertise in all aspects of management and operation of structurally complex high pressure, deep carbonate reservoirs. This experience has been built up over 35 years of operating the Mubarek Field and in exploration and drilling operations conducted elsewhere in the Middle East and North Africa. The Company is very well qualified to optimize the performance of similar complex reservoirs, and recognises this as one of its core competencies.

Crescent Petroleum plans to utilise the Mubarek facilities to process and transport crude, condensate and gas from other discoveries in the surrounding area. The strategic position of Crescent Petroleum facilities renders them ideally placed to act as a hub for such discoveries, and for the processing, transportation and sale of gas to the important UAE markets.