Crescent Petroleum stands as a monumental figure in the global energy landscape, holding the distinction of being the first and largest privately owned, independent oil and gas company in the Middle East. With a rich history spanning over four decades, the company has evolved from a regional pioneer into a diversified international energy powerhouse. Its journey is defined by a unique combination of long-term strategic vision, technical excellence, and a steadfast commitment to the sustainable development of the region’s natural resources.
A Foundation Built on Vision and People
The enduring success of Crescent Petroleum is rooted in its organizational culture. The company places a high premium on leadership development, professional excellence, and the recognition of achievement. By fostering an environment of accountability and collaboration, Crescent has managed to consistently deliver complex, high-stakes energy projects while adhering to the most stringent operational and ethical standards.
As a family-owned business, Crescent Petroleum possesses a distinct strategic advantage: the ability to adopt a long-term perspective. Unlike publicly traded firms often beholden to quarterly earnings or short-term market fluctuations, Crescent can make calculated investments ahead of global trends. This “patient capital” approach allowed the company to champion natural gas decades ago, at a time when the resource was largely undervalued or dismissed as a mere byproduct of oil production.
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Pioneering the Regional Gas Market
Crescent Petroleum’s foresight regarding the importance of natural gas has positioned it as a leader in integrated gas projects. The company’s history is marked by several “firsts” that reshaped energy infrastructure in the United Arab Emirates:
- 1985: Arranged the first-ever commercial inter-emirate onshore gas supply contract in Sharjah for the UAE Federal Ministry of Electricity and Water.
- 1991: Established the first offshore inter-emirate gas sales and purchase agreement, linking the Mubarek offshore facilities to Jebel Ali in Dubai via a dedicated subsea pipeline.
Strategic Partnerships and Global Expansion
A defining moment in the company’s history occurred in 2005 with the establishment of Dana Gas, the Middle East’s first publicly listed energy company. As the largest shareholder, Crescent Petroleum maintains a strategic relationship with Dana Gas, allowing it to participate across the entire gas value chain. This partnership has yielded significant economic and environmental benefits for the region, prioritizing domestic energy needs.
The collaboration further evolved through:
- Gas Cities Ltd: A 50-50 joint venture created in 2008 to develop gas-intensive industrial hubs.
- North African Footprint: Through its interests in Egypt—one of the largest independent gas reserve holders—Crescent has solidified its presence in North Africa.
Today, the Crescent Group boasts a 45-year track record as an international operator, with a presence in eight countries across four continents, including major operations in Iraq, the UAE, and Egypt.
The Mubarek Field: A Historic Turning Point
The company’s trajectory changed forever in 1972 with the discovery of the Mubarek Field. This find propelled both Crescent Petroleum and the Emirate of Sharjah onto the global stage.
World Record Achievement: The Mubarek Field was brought into full production within just 13 months of its discovery, reaching output levels of over 60,000 barrels per day—a testament to the company’s technical agility and project execution capabilities.
Crescent continues to maintain deep roots in the UAE through its Sharjah Onshore Concession (since 2008) and the offshore concession surrounding Sir Abu Nu’ayr Island.
Diversification and Governance
Beyond its core oil and gas operations, the Crescent Group has successfully branched into sustainable industries via its subsidiary, Crescent Enterprises. This diversified portfolio includes:
- Ports and Logistics
- Power and Engineering
- Business Aviation
- Private Equity and Business Incubation
Corporate Governance
The company operates under a robust governance framework. The Group Board of Directors defines the overarching strategy and manages financial and operational risks. Oversight is further refined by the Executive Committee (ExCom), a body of seasoned regional and international professionals who manage capital guidelines, policy implementation, and corporate missions.
Career Opportunities: Apply Now
Crescent Petroleum is currently seeking talented individuals to join its legacy of excellence. With a focus on high performance and professional growth, the company offers a platform for specialists in the oil and gas sector to contribute to world-class projects.
Key Disciplines Often Recruited:
- Engineering (Offshore, Subsea, and Mechanical)
- Operations and Project Management
- Geology and Exploration
- Corporate Services and Finance
ies-United Arab Emirates
Asset Protection Manager
Tax Manager
Asset Protection Manager
Network Engineer
Manager, Accounts, KRI Operations
Security Analyst
Reservoir Engineering Manager
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