Wednesday, April 24, 2019


About Cresent Petroleum
Crescent Petroleum is the first and largest private upstream oil and gas company in the Middle East.Founded in 1971, Crescent Petroleum is headquartered in the Emirate of Sharjah, United Arab Emirates (UAE), with current operations in both the UAE and the Kurdistan Region of Iraq (KRI).
Crescent Petroleum is also the founding and largest shareholder in Dana Gas, the first and largest publicly listed private-sector natural gas company in the Middle East.

And is a subsidiary of Crescent Group, a diversified family business that includes Crescent Enterprises, a multinational conglomerate headquartered in the UAE, as the other main subsidiary.
Crescent Petroleum's emergence is linked to its offshore discoveries in the Mubarek field in 1972. In 1969, the UAE government granted the Mubarek field to concessionaire Buttes Gas & Oil Co. International Inc., a subsidiary of Crescent Petroleum.

Setting the world record at the time, Crescent Petroleum had the Mubarek field in full production within 13 months of its discovery, at a rate of over 60,000 barrels per day. The project brought Sharjah into international recognition.

Crescent Petroleum's first international venture was in 1973, when it was granted the exploration rights for Block 1, an offshore area in present-day Montenegro, which was then part of Yugoslavia. It was followed in 1981 by concessions for a 232 square kilometres block in the San Jorge Basin of Argentina. In 1985, Crescent entered into a contract for a gas supply pipeline from Sharjah with the UAE Federal Ministry of Electricity and Water, and in 1986, Finish Neste Oy Neste and the Bahrain-based Intoil signed an agreement with Crescent Petroleum for an offshore drilling program in the Mubarek field. The agreement detailed the drilling of 11 wells between 1986 and 1995 at a cost of $110 million.

The first project handled by Crescent Petroleum was the Mubarek field off the coast of the UAE in 1972. Within 13 months from the discovery of the confirmation well in 1972, the field was on full production at a rate of over 60,000 barrels of oil per day, with the drilling of three additional wells, the installation of the processing platform, an additional wellhead platform, export loading terminal, pipelines, and associated support structures. This was a world record at the time for bringing an offshore field onstream from oil discovery.

 Senior Commercial Analyst UAE View & Apply
Petrophysicist UAE View & Apply
Associate Finance UAE View & Apply
Senior Drilling Engineer UAE View & Apply

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