Middle East Economic Survey
VOL. LII
No 19
11-May-2009
IRAQ
Heritage Announces Major Oil Find In Kurdistan
Calgary-based independent Heritage Oil has announced that initial results on its Miran West-1 well in the Kurdistan Regional Government (KRG) area of Iraq point to the existence of oil-in-place of 2.3-4.2bn barrels. There was potential to truck some production by the end of this year, Heritage said in a 6 May press release. The firm added that a recovery rate of 50-70% could be expected,...
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