Miri's very first oil well, affectionately known as the 'Grand Old Lady' is a historic monument and a place of interest on top of Canada Hill. This is the original structure with some modifications, not a replica.
The successful discovery of offshore oil in the 1970s triggered a fresh development boom in Miri; luxury hotels were built, more houses constructed and new shopping centers and industrial estates established. Miri ranked as the second most important commercial town in Sarawak after Sibu town.