Heritage Oil announces Iraqi developments
Posted by Big Gav in iraq, oil
UPI has an article on oil in Iraq (well - Iraqi Kurdistan anyway) - Heritage Oil announces Iraqi developments.
The Miran West-1 oil discovery in northern Iraqi Kurdistan recorded over 3,000 barrels of oil per day from a single reservoir, Heritage Oil announced Monday.
Heritage Oil announced the completion of its first testing at the Miran West-1 discovery in Sulaimaniya province.
In June, Heritage said it had raised $216.7 million from stock sales to finance work on a pipeline to connect the Taq Taq and Miran oil fields in Iraqi Kurdistan.
The company said the Miran field in Sulaimaniya province has an expected yield passing 4 billion barrels of oil. The Taq Taq field north of Kirkuk trucks oil at a rate of 40,000 barrels per day to Turkish ports.
"We have gathered important information which will be invaluable in advancing our forward programs on this significant discovery beginning with the Miran West-2 appraisal well," said Tony Buckingham, chief executive officer at Heritage.
Heritage joined Turkey's Genel Enerji and other regional developers to tap the oil fields in Iraqi Kurdistan. The Taq Taq and Tawke fields began exports in June.
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