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Heritage claims major Iraq gas-condensate find

01/31/2011
Heritage Oil PLC has discovered as much as 12.3 tcf of gas on the Miran West structure in Iraqi Kurdistan and is evaluating development options under which production could start into European markets as early as 2015 using planned regional infrastructure.Heritage, placing the value to the company at $2.7 billion, described Miran as the sixth largest gas field discovered in Iraq and the largest gas field to be discovered in the country for more than 30 years.Heritage noted that the Miran West-2 well was initially designed as an appraisal well for the Cretaceous section and was modified later to assess the exploration potential of deeper formations. Drilled to a total depth of 4,426 m, it ...
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