Crescent Boosts Sharjah Oil/Condensate Output
Crescent Petroleum Company of Sharjah, which operates the offshore Mubarekfield, is scheduled to complete a new $30mn production platform next month. Thisis expected to raise the output of oil/condensate by 12,000 b/d and that of gasby 4mn cu. ms./day starting next year. About 3mn cu. ms./day (106mn cu. ft./day)of gas will be exported to Dubai by subsea pipeline, under a gas sales agreementbetween Crescent and Dubai...