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
Stahl-Syberg A/S Logo

Stahl-Syberg A/S

Supplies a total concept for explosion protection from R.Stahl, a world leader in the field of electrical and electronic equipment. Agent for Hawke and Schniewindt.

Se profil | offshorex.no
AIR LIQUIDE OFFSHORE AS Logo

AIR LIQUIDE OFFSHORE AS

Air Liquide er verdens største Industri gass selskap. Vi har mer enn 40000 ansatte world wide og er tilstede i alle store offshore hubs i verden.

Se profil | offshorex.no
Olympus Norge AS Logo

Olympus Norge AS

Olympus Industri tilbyr kundene omfattende fjernbetjent visuel inspeksjon, høyhastighedsvideo og ultralyds- og hvirvelstrøms-non-destruktive testløsninger.

Se profil | offshorex.no
BD Oil & Gas Logo

BD Oil & Gas

BD Oil & Gas, a division of Brødrene Dahl, is a Norwegian stockist specializing in the supply of Piping and Valve products to the Oil & Gas industry.BD Oil & Gas provides products via our global network of manufacturers and supplier.We offer quality products, technical solutions, efficient customer services and a state of the art logistics and distribution system through our 54 locations in Norway

Se profil | offshorex.no
ODFJELL RENTAL SERVICES AS Logo

ODFJELL RENTAL SERVICES AS

Odfjell Rental Services (ORS) is a major supplier of drilling tubulars and related accessories to the rental market. The company has contracts with major operators and rig contractors.

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