U.K. independent Heritage Oil has confirmed a major discovery at its Miran licence in Iraqi Kurdistan, saying it has discovered up to 4.2 billion barrels of oil, with a recoverability factor of 50-70%.
Expectations for the field were already high—though Heritage has only drilled one well as yet—after the company reported having struck a 1.1-kilometre oil show during the wildcat drilling. In a statement today Heritage said that the field would be “low cost and straightforward” to bring on…
This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription or sign up for a free trial.
If you are not a registered user, you may purchase a subscription or sign up for a free trial.
