To commemorate the ten-year anniversary of production operations of the Kurdistan Gas Project in 2018, the Pearl Petroleum consortium asked PwC to lead an in-depth study to assess the wider socioeconomic benefits enabled by the Project. PwC studied the impact of the Kurdistan Gas Project in its first decade of operations and projected forward the future impacts based on the anticipated development of the Project over the next decade.
This site outlines PwC’s key findings and highlights the considerable returns the Project has and will continue to deliver to the KRI.
Employment impact2,200 jobs
Fuel substitution savings
Localisation80% Local staff employment
In 2007, Dana Gas and Crescent Petroleum entered into agreement with the Kurdistan Regional Government (KRG), which provided title and exclusive rights to appraise, develop, produce, market, and sell petroleum, including natural gas domestically and for export, from the Khor Mor and Chemchemal fields in the Kurdistan Region of Iraq (KRI). The agreement marked the start of the Kurdistan Gas Project’s contribution as an enabler in the development of the KRI’s gas extraction and production.
Within a record 15 months from the start of construction, gas began flowing in October 2008 through newly built pipelines from Khor Mor to power plants in Chemchemal and Erbil. In the ensuing decade, the Project has delivered reliable, affordable energy at scale to the KRI, making a considerable impact on the region’s economy, society, and environment.
In 2009, Pearl Petroleum (the Consortium/Pearl/PPCL) was formed as a consortium with Dana Gas and Crescent Petroleum as shareholders with OMV, MOL, and RWE joining the Consortium subsequently with a ten per cent share each. Crescent Petroleum and Dana Gas operate the fields as Operator on behalf of Pearl.
To commemorate the ten-year anniversary of production in the Kurdistan Gas Project, Crescent Petroleum, Dana Gas and Pearl Petroleum asked PwC to lead an in-depth study to assess the socioeconomic benefits enabled by the Project. PwC studied the impact of the Project in its first decade of operations and projected forward the future impacts based on the anticipated development of the Project over the next decade.
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