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
NORISOL NORGE AS Logo

NORISOL NORGE AS

Norisol er en av Norges ledende bedrifter innen ISO fagene Isolering, Stillas og Overflatebehandling. Norisol er et Nordisk konsern og har kontorer i Danmark og Sverige i tillegg til Aberdeen. I Norge har vi kontorer i Stavanger, Porsgrunn, Drammen, Fredrikstad, Kristiandsand, Bergen og Stord.

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
WellCem AS Logo

WellCem AS

WellCem is a Company providing Well Therapy solutions to the oil and gas industry. The Company has developed and patented a multi component resin based polymer with qualities far superior to cement. Head office in Tananger Norway Established operation and opened up office and warehouse in Saudi Arabia in 2011. APPLICATIONS Total Loss Circulation, Casing & Tubing leak repair, Plug for P&A

Se profil | offshorex.no
BIC Electric Norge AS Logo

BIC Electric Norge AS

BIC Electric Norge AS er et internasjonalt elektroinstallasjonsfirma. Vi tilbyr: - Bemanningsløsninger innen offshore-elektro - Underleverandør av elektroinstallasjoner og montasje til offshore og industrien - Utleie av personell til mekanisk og elektrisk installasjonsarbeide - Montering av eltavler ved eget tavleverksted i Polen

Se profil | 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
RENTAL TECHNOLOGY & SERVICES AS Logo

RENTAL TECHNOLOGY & SERVICES AS

RTS er leverandør av teknologi og utstyr som brukes i forbindelse med feltutbyggninger, kartlegging og inspeksjon. RTS utvikler produkter som brukes av de fleste aktører som driver med med konstruksjon og Subsea både i Norge og internasjonalt.

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