The History

Gas sales were established with Dubai in January 1993, through a purpose-built 92 kilometre offshore gas transmission pipeline of 150 MMscfd capacity, built and operated by Consolidated Transmissions Inc., a wholly owned subsidiary of Crescent Petroleum.

To date over 100 million barrels of oil and condensate, along with approximately 300 Bscf of natural gas, have been produced from the Mubarek Field. This has been achieved at a very efficient finding and development cost of US$ 2.90 per barrel despite the great reservoir depth and complex stratigraphy. At the peak of production, the Mubarek Field was producing an estimated 60,000 barrels of oil per day. Individual well cumulative production ranged up to 22 million barrels. All wells have had reported recoveries in excess of one million barrels.

The generated Governmental revenues from the 1969 Concession granted to Crescent have contributed significantly to the development of Sharjah.

The Mubarek Field is currently undergoing a redevelopment program, including the drilling of new infill wells, to increase recovery of oil/gas and condensate reserves. Modern 3-D seismic surveys have identified attractive additional prospects in the area.

• 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.