Pearl Petroleum is a five-company consortium consisting of two Middle Eastern oil and gas companies, Dana Gas and Crescent Petroleum, which together are the operator of the Kurdistan Gas Project, in partnership with three major European energy companies: OMV, MOL, and RWE. Pearl Petroleum produces and develops natural gas assets in the Kurdistan Region of Iraq. In April 2007, Dana Gas entered into an agreement with the Kurdistan Regional Government (KRG) for the appraisal and development of two major gas fields in the Kurdistan Region of Iraq: Khor Mor and Chemchemal. In October 2007, Dana Gas assigned 50% of its interest in the contract to Crescent Petroleum. Dana Gas and Crescent Petroleum began developing the fields together as the operator and have remained as such ever since. More information...
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