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Saturday, March 10, 2012

Heritage spuds Kurdish wildcat

Josh Lewis

 08 March 2012 07:48 GMT

Jersey-based Heritage Oil has spudded the Miran East-1 exploration well on Miran Block in the Kurdistan region of Iraq.

The well is being drilled to a target depth of 4000 metres to investigate the exploration potential  of the Cretaceous and Jurassic reservoir intervals of the Miran East structure.

"The large, undrilled Miran East structure has the potential to add significant hydrocarbon resources at all of the multiple reservoir intervals," said Heritage chief executive Tony Buckingham.

Heritage said it expected the well to take about seven months to complete as it plans to test multiple intervals while drilling.

Heritage holds a 75% interest in the Miran Block with Genel Energy holding the remaining 25% equity in the block.

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