The Mubarek Facilities

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.

• 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.