Heritage starts on the fifth well at Miran

Heritage Oil has started drilling its fifth well on the Miran field in Kurdistan, the Miran West-4 appraisal well.

The well is designed to further appraise the Upper Cretaceous oil reservoir. Operations have commenced and are expected to take around three and a half months to drill and test.

Heritage is looking to test and evaluate several intervals along the way to target depth of 1,550m. A 500m horizontal section in the oil bearing reservoir is also planning to "maximise penetration of fractures".

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"Following the highly successful Miran West-3 test results, the spudding of Miran West-4 continues our active work programme in Kurdistan," said Chief Executive Officer Tony Buckingham.

"We remain focused on the monetisation of the world class Miran Field, targeting the phased development of the field, whilst also considering further value generating opportunities."

The planned extended well test will sell between 3,000 and 5,000 barrels of oil gross pre day into the local market.

BC