Erbil, Kurdistan Region – Dana Gas has announced a strong operational performance in the Kurdistan Region of Iraq (KRI) during the first quarter of 2025, driven by sustained production levels and accelerated progress on major expansion projects that are set to significantly enhance future output.

The company reported that cumulative production from the Khor Mor gas field, operated jointly with Crescent Petroleum, has surpassed 500 million barrels of oil equivalent (boe) since operations began in 2008. In Q1 2025, daily gas production at Khor Mor reached 525 million standard cubic feet (scf/day), marking a 75% increase since 2017. The field currently supplies over 75% of the KRI’s power generation needs.

To ensure long-term operational efficiency, Dana Gas conducted scheduled maintenance at the Khor Mor plant in April, which is expected to impact Q2 production figures.

Construction of the KM250 expansion project, which will add 250 million scf/day of processing capacity, is progressing faster than planned, with first gas now expected in Q1 2026—earlier than initially projected. Upon completion, the project will boost Pearl Petroleum’s total production by 50%, including an additional:

7,000 barrels per day (bpd) of condensate

460 tonnes per day of liquefied petroleum gas (LPG)

Chemchemal Gas Field Development Underway

In parallel, Pearl Petroleum has commenced development work at the Chemchemal gas field, one of Iraq’s largest undeveloped gas reserves. Backed by a $160 million investment plan, the first phase includes:

Drilling three new wells

Installing an extended well test facility

Targeting production of 75 million scf/day by the second half of 2026

KRI production rose 3% year-on-year to 39,650 boe/day in Q1, driven by strong demand from local power stations.

100% payment collection rate in the KRI, with receivables declining to AED 246 million

(67million)∗∗,downfrom∗∗AED334million(67million)∗∗,downfrom∗∗AED334million(91 million) in Q1 2024.

Richard Hall, CEO of Dana Gas, stated: “We continue to demonstrate resilience and strategic momentum. We achieved higher production in the KRI while reducing operational and finance costs. The KM250 expansion is making excellent progress, and we remain on track to achieve first gas by Q1 2026.”

The company’s performance underscores its commitment to supporting the Kurdistan Region’s energy sector while advancing key projects to meet growing domestic and regional demand.