Name: Pearl Petroleum
Brand: Wood Mackenzie
SKU: 4071
Price: 3720 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Asset Report 23 March 2026

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Report summary

Pearl Petroleum operates the giant liquids-rich non-associated Khor Mor gas field, located 140 kilometres southeast of Erbil, in the Kurdistan Region of Iraq (KRI). The field was put on production for a short time in 1990 by North Oil Company to supply gas to the country's north gas network. Production ceased during the 1991 Gulf War. It remained shut-in until its re-development in 2008. Pearl Petroleum also holds Chemchemal, a giant undeveloped gas field located 90 kilometres southeast of Erbil, and two exploration blocks in Kurdistan.

Summary
Key Issues
- Issues common to oil and gas developments in the Kurdistan Region of Iraq
- Issues specific to the Pearl Petroleum
- 2007 service contract
- 2017 settlement
- Historical
Khor Mor
- Jeribe formation
- Euphrates formation
Chemchemal
Emissions
Key Development Metrics
- Wells
- Phase 1
- Phase 2
- Processing facilities
- Phase 1
- Phase 2
Initial development
Re-development phase
- Capital costs
- Operating costs
Royalty
Remuneration fee
Cost recovery
Profit petroleum
8 more item(s)...