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
PSSI AS Logo

PSSI AS

Focused on on-offshore with API pumps,filters,strainers,lub.systems. service - Rep.Mech.seals, couplings, coating, minimess equip.Rental pumps & filters.

Se profil | offshorex.no
ACHILLES AS Logo

ACHILLES AS

Achilles kjernekompetanse er å identifisere, kvalifisere, valuere og overvåke leverandører og underleverandører på vegne av våre oppdragsgivere verden over.

Se profil | offshorex.no
AKER SOLUTIONS AS Logo

AKER SOLUTIONS AS

Aker Solutions ASA is a leading global oil services company that provides engineering and construction services, technologies, product solutions and field-life solutions for the oil and gas industry.

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
LOS Elektro AS Logo

LOS Elektro AS

LOS Elektro AS gjennomfører V&M-kontrakter innen EIT installasjoner på olje og gass inst. Ofte er disse underleverandørkontrakter til større multidisiplin kontraktører som betjener oljeselskapene. Tjenesten kan være ny installasjoner, utvidelse eller vedlikehold. Våre ansatte yter ingeniørtjenester, høyspentoppdrag, prosjektering, risikovurderinger, innkjøp, installasjon, testing og dokumentasjon.

Se profil | offshorex.no
VEX-GRUPPEN AS Logo

VEX-GRUPPEN AS

VEX-Gruppen Rekruttering og Bemanning er lokalisert på Straume på Sotra og i Stavanger. Vi bemanner og rekr. til alle type stillinger til næringslivet og jobber for gode relasjoner med fokus på effektivitet og fleksibilitet.Vi oppnår de beste resultater ved å sette mennesket i fokus,vi finner den rette for deg. Er du jobbsøker og ser en spennede stilling er det bare å sende inn din cv

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