Heritage makes giant gas find in Iraqi Kurdistan

26th January 2011, Comments 0 comments

Energy firm Heritage Oil said on Wednesday it has made a major gas find in Iraq's autonomous region of Kurdistan that is among the largest ever in the country.

"The discovery of a major gas field of up to 12.3 trillion cubic feet (348 billion cubic metres) in-place with exceptional flow rates makes this one of the largest gas fields to be discovered in Iraq," a statement said.

The spokesman for the Kurdistan regional government's natural resources ministry declined to comment when contacted by AFP.

Heritage, which was established in Canada and is listed in London and Toronto, said the field, located in the northeast of energy-rich and semi-autonomous Kurdistan, was called "Miran."

Heritage said it owned a 75 percent working interest in the field. It did not specify who held the balance.

"We are considering various development options including a tie-in to planned infrastructure that will achieve first production for both oil and gas in 2015," the company said.

Heritage said it was "currently considering potential development options which could include either bringing gas into Turkey and/or into Europe via the Nabucco pipeline," a proposed link to bring Asian supplies to Europe.

Heritage has exploration operations or interests in Africa, the Middle East, Russia and Malta.

© 2011 AFP

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