Crescent Petroleum has been operating as a regional upstream oil and gas company in the United Arab Emirates for almost forty years.rescent Petroleum traces its origins to Buttes Gas & Oil Co. International Inc., a wholly owned subsidiary of Crescent Petroleum and holder of a Concession granted in 1969 by the Sharjah Government, pursuant to which the Mubarek Field was discovered offshore Sharjah in the early 1970âs.
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