- Pearl Petroleum's KM250 project is a 1.1 billion USD gas expansion at Khor Mor.
- The project adds 250 MMscf/d capacity, boosting total output to 750 MMscf/d.
- KM250 was completed eight months ahead of the revised schedule.
- MOL holds a 10% stake in the Pearl Petroleum consortium.
Project Overview
Pearl Petroleum has launched commercial gas sales from its KM250 gas expansion project at the Khor Mor facility in the Kurdistan Region of Iraq. The project represents a 1.1 billion USD investment aimed at increasing the facility's gas processing capacity.
Capacity Increase
The KM250 project adds 250 million standard cubic feet per day (MMscf/d) to Khor Mor's capacity, resulting in a 50% increase. This boosts the facility's total output to 750 MMscf/d, equivalent to 144 thousand barrels of oil equivalent per day (mboepd).
Timeline and Execution
The project was delivered eight months ahead of the revised schedule, demonstrating efficient execution and planning.
Consortium and Impact
MOL Plc. holds a 10% share in the Pearl Petroleum consortium, which is operated jointly by Dana Gas and Crescent Petroleum. Pearl Petroleum supplies natural gas to four power plants in the Kurdistan Region, meeting over 80% of the region's power needs and serving more than six million people.
