[2] The terms of the contract grant exclusive rights to appraise, develop, market, and sell petroleum products from the substantial Khor Mor and Chemchemal gas fields, and to provide natural gas supplies to fuel two major domestic electric generation plants being built in Erbil and Chemchemal as well as for local industries and export.

It involved upstream development, the construction of two liquefied petroleum gas (LPG) plants and 180 kilometres (112 mi) of pipeline in mountainous terrain.

[6][7] In August 2017, the KRG awarded Pearl Petroleum investment opportunities in blocks 19 and 20, which are adjacent to the Khor Mor field.

[9] The consortium has appointed an engineering, procurement and construction (EPC) contractor to deliver the first of the two production trains at the Khor Mor plant.

[9][8] Pearl Petroleum is one of the largest private investors in the oil and gas sector of the Kurdistan Region of Iraq (KRI), having invested around USD 1.76 billion from inception to December 2019.

[9] An impact assessment report authored by PwC estimated that the migration from diesel-powered electricity generation to cheaper, cleaner-burning natural gas has enabled the KRG to avoid more than 29 million tonnes of carbon dioxide equivalent from 2008 to 2017.