Based on the latest financial and operational report of the Emirati company Dana Gas at the Khor Mor gas field:

• Khor Mor and Chemchemal are major gas fields containing several trillion cubic feet of gas reserves along with 3.1 billion barrels of condensate (naphtha) reserves, of which 1.1 billion barrels belong to Dana Gas.

• During 15 years of operation, the company has produced 500 million barrels of condensate, with peak condensate production recorded in 2024.

• Pearl Petroleum, the main gas producer supported by the Kurdistan Regional Government (KRG), supplies the gas required to generate about 2,000 megawatts of electricity in 4–5 power plants.

• The KM250 expansion project—the plan to expand the gas field—is being constructed at a cost of $806 million. The United States provided $250 million in loans in 2021 for the project.

• The Khor Mor gas field reached its first production phase in October 2008, at which time only gas and condensate (naphtha) were produced at about 100 million cubic feet per day (MMscfd).

• In a new effort, in 2023, production significantly increased to about 500 MMscfd of gas, 86 MMscfd of naphtha, and 68 MMscfd of LPG.

• The company plans that, after the completion of KM250 in 2026, production will rise to 810 MMscfd of gas, 127 MMscfd of naphtha, and 105 MMscfd of LPG.

Based on the latest financial and operational disclosures of Dana Gas in the Khor Mor gas field, the company describes the wealth of the field and its relatively low depletion as globally significant. Dana Gas contributes to energy security in the Kurdistan Region of Iraq.

Aside from Khor Mor, the company is also in the initial appraisal and early development phase in the Chemchemal gas field.
Khor Mor and Chemchemal jointly contain several trillion cubic feet of gas along with 3.1 billion barrels of condensate, 1.1 billion barrels of which belong to Dana Gas.

Over 15 years, the company has produced 500 million barrels of condensate, peaking in 2024.

Pearl Petroleum, the primary operator, provides gas for generating about 2,000 MW of electricity in 4–5 power plants.

Total investment in the Khor Mor field so far has reached $2.055 billion.

The KM250 project, with a total cost of $806 million, received $250 million in loans from the United States in 2021. Work began in January 2020 by the American company Exterran, which was later bought by Enerflex in 2022. By November 2024, the company had raised $350 million in bonds to support further field development.

Dana Gas expects a significant increase in output once KM250 is completed in 2026, with gas production nearly doubling.

Production Levels of Gas, Naphtha, and LPG in Khor Mor (2008–2026)

• 2008: First production—around 100 MMscfd of gas and condensate.

• 2010: Production nearly doubled to 191 MMscfd, including LPG.

• 2011: Production rose to 335 MMscfd, covering KRG domestic needs and enabling export of surplus gas.

• 2019: Significant increase: 383 MMscfd gas, 83 MMscfd naphtha, 64 MMscfd LPG.

• 2023: Another major rise to 500 MMscfd gas, 86 MMscfd naphtha, 68 MMscfd LPG.

• 2026 (forecast): With KM250 completed: 810 MMscfd gas, 127 MMscfd naphtha, 105 MMscfd LPG.

In the chart (mentioned in the text), a dotted light-grey line shows the amount of gas allocated to KRG power generation, which is 305 MMscfd. Gas above 305 MMscfd represents surplus gas available for sale.