Heritage Oil starts drilling on Miran East

FTSE 250 oil group Heritage Oil has started drilling its first exploration well in in the highly prospective Miran East structure in Kurdistan, Iraq.

FTSE 250 oil group Heritage Oil has started drilling its first exploration well in in the highly prospective Miran East structure in Kurdistan, Iraq.

The Miran East-1 exploration well is targeting exploration potential within the Cretaceous and the Jurassic reservoir intervals and will be drill to a target depth of around 4,000m. It will take around seven months to drill and test.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.