Crescent Petroleum holds meetings with Iraqi Oil Ministry officials

The meetings follow on from a technical cooperation agreement MOU that was signed between the Iraqi Oil Exploration Company and Crescent Petroleum in September 2005.

Technical experts from Crescent Petroleum, the Iraqi Oil Exploration Company, the Southern Oil Company and the Geophysical Service Centre in Amman held meetings over several days to finalise the technical programme and scope of work. The agreed curriculum of the initial study is to take ten months and will include a re-examination of the methods for seismic measurement presently available in the region and the preparation of geological studies of the current environment and new exploration areas.

"Crescent Petroleum is the only international oil company that has had a continued presence in Iraq over many years and we have had an ongoing relationship of cooperation with the Ministry,"

said Abdulla Al Qadi, Director of Upstream Operations for Crescent Petroleum, who led the company delegation for the Amman meetings. "We are proud to work with the Iraqi Oil Ministry in order to enhance the skills being applied to this study to apply new approaches on exploration methods, all of which will ultimately add value to the organization and hopefully benefit the Iraqi petroleum sector as a whole."

Crescent Petroleum, headquartered in Sharjah in the UAE, has already conducted in-depth studies for other regions in Iraq, including a detailed study and development plan for the Rattawi Field, for which they have been in discussions with the Ministry over several years.

In addition, the company has carried out training programmes for Ministry employees and its related companies, to foster an environment for the learning and sharing of technical skills while strengthening cooperation between both sides.

Crescent Petroleum is the Middle East's oldest private oil & gas company and has operated successfully around the region for over thirty-five years, including in the UAE, Egypt, Pakistan, Yemen and other locations.