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

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
"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
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
How to find the best luxury hotel deals
Knowing how to find the best luxury hotel deals can help holidaymakers enjoy high-end experiences without the sky-high costs. We reveal how to bag the best value for less.
-
Frozen thresholds could push ‘tax freedom day’ to latest date this century
Tax freedom day is the point in the year you stop earning for the taxman and start earning for yourself. A rising tax burden could push it to 12 June this year – the latest date since 1982.