Offshore logo
Heritage sells share in giant Miran field
Posted 21.08.2012 11:21:03 av John Bradbury
Vis RSS feed
Send nyhet til en venn
Genel Energy has agreed to acquire a 26% stake in the Kurdistan's giant Miran field discovery from London-listed Heritage Oil for US $450 million.

Genel has agreed to pay Heritage $156 million for a 26% stake in the joint operating agreement covering the development of the field, and will provide another $294 million 18-month loan to Heritage. The deal is due to complete next week.

Early development of Miran is due next year and a full field development in 2015.

Conceptual engineering design is for early production of between 80 and 180 Mmcf/d of gas for local markets commencing in 2013. Heritage says this will be followed by appraisal and a full development producing 560 to 750 Mmcf/d in 2015, for gas export via a 320 kilometre (200 mile) pipeline to the Iraq/Turkey border, partly in parallel to a planned Kurdistan Iraq Crude Export (KICE) on which construction is due to start this year.

Oil and condensate production from Miran at rates between 5,000 and 12,000 b/d are to  be trucked to Taq Taq for entry to the KICE pipeline. Another 70 km (43 mile) oil and condensate pipeline tied into KICE is also planned as part of the full development producing between 37,000 and 50,000 b/d.

Heritage says it will use the proceeds of the sale to finance the $850 m purchase of a 45% stake in OML 30 in Nigeria – which Heritage first signalled in June this year - and to finance other exploration.
Advertisement
Latest news

Asset integrity expertise bought

British-based engineering expertise has been bought up by Norway's Aker Solutions to boost its integrity analysis for oil and gas assets.

[Les mer ] Company news

Sound signals big Italian gas

London-listed Sound Oil has logged a big new gas find in Italy.

[Les mer ] Exploration

Aker anchors new accommodation unit

A new offshore accommodation unit under construction in China is to be fitted with a mooring system supplied from Norway.

[Les mer ] Contracts

Big gas at Bianchi 1

Austria's OMV has reported a major new gas find while drilling offshore Australia following on from its earlier Zola discovery.

[Les mer ] Exploration

New drilling near Johan Castberg

Swedish explorer Lundin Petroleum has kicked off a new exploration well in the Norwegian sector of the Barents Sea.

[Les mer ] Exploration

Irish data acquisition underway

Seismic data acquisition has kicked off on a newly allocated Irish Frontier Exploration Licence.

[Les mer ] Exploration

Profilerte stillingerAlle stillinger »
Profilerte selskapFra OffshoreX.no
GOODTECH PROJECTS & SERVICES AS Logo

GOODTECH PROJECTS & SERVICES AS

Goodtech Projects & Services har 75 ansatte i Bergen og kompetanse innen automasjon, kraftsystemer, og integrerte operasjoner. Vi har partneravtale med Siemens og Aspentech. Vår viktigste kunde er Statoil og prosjekt er Prosess data portal (PDP).

Se profil | offshorex.no
Exploration Options AS Logo

Exploration Options AS

Exploration Options provides consultancy and staff recruitment services to the upstream oil and gas industry. We source and deliver Professionals of the highest calibre, in Management, Advisory & Technical areas. Our Focus areas are: Exploration & Subsurface Evaluation, Portfolio Management and Resource Assessment.

Se profil | offshorex.no
NORWEGIAN PETROLEUM CONSULTANTS AS Logo

NORWEGIAN PETROLEUM CONSULTANTS AS

Norwegian Petroleum Consultants (NPC) are now one of the biggest and leading companies in the industry. We provide a high level of multi-discipline engineering and project administration expertise to the most attractive companies in the oil and gas industry. Our head office is in Sandnes, but we also have a subsidiary in Bergen and Singapore.

Se profil | offshorex.no
ATLAS SERVICES GROUP NORWAY AS Logo

ATLAS SERVICES GROUP NORWAY AS

Atlas Services Group Norway AS is a subsidiary of Atlas Services Group B.V. A leading international company with nearly 30 years of experience in recruitment and staffing of specialists. We put consultants to work in the oil and gas, power, engineering, renewables, seismic and hydrographic, offshore, dredging and shipping industries. www.Atlas4Jobs.com contains over 300 000 CVs

Se profil | offshorex.no
MTI TECHNOLOGY AS Logo

MTI TECHNOLOGY AS

MTI Technology ble stiftet i 2012. Ansatte i selskapet har erfaring opparbeidet gjennom mer enn 25-års drift i MTI AS, med arbeid innen løftopperasjoner, sertifisering og periodisk kontroll av løfteutstyr, on-/offshore. Vi ønsker å være nytenkende innen prøveløft produkter. Vi vil ha stor variasjon av produkter for å utføre prøveløft i forskjellige prosjekter.

Se profil | offshorex.no
BSAFE SYSTEMS AS Logo

BSAFE SYSTEMS AS

Norges eneste premium forhandler av Lighthouse skilt og etikettsystemer samt distributør av Master Lock safety series - sikkerhetsutstyr til bruk under service og vedlikehold av maskiner og utstyr.

Se profil | offshorex.no
Tips oss
Kontakt oss
Offshore.no AS
Annonsere
Ansvarlige
Sjefsredaktør: Erlend Keilen
OPPHAVSRETT
Alt innhold er opphavsrettslig beskyttet.
Copyright Offshore.no AS