Posted inProducts & Services

Heritage confirms generous strike in Kurdistan

Miran West-3 well produces 1,905bpd in successful trial

Heritage confirms generous strike in Kurdistan
Heritage confirms generous strike in Kurdistan

Heritage Oil, an independent upstream exploration and production company, announces that it has completed testing of the oil bearing Upper Cretaceous reservoir in the Miran West-3 well in the Kurdistan Region of Iraq.

Heritage has now completed testing of the Upper Cretaceous reservoir in the Miran West-3 well, after drilling to a depth of 876 metres. During testing the maximum measured rate achieved from this reservoir section was 1,950 bopd. Attempts to flow the well at higher rates were severely restricted by the capacity of the surface test equipment. The oil produced on test is estimated to be 15 degree API with very little associated gas, similar to that tested from the same interval in the Miran West-1 discovery well.

Pressure data has allowed the depth of the oil-water contact to be determined and this has confirmed previous gross in-place contingent P50-P90 volumes, estimated by management, of 53-75 MMbbls of oil in the Upper Cretaceous reservoir of the Miran West structure. This information will be incorporated into the ongoing interpretation of the newly acquired 3D data. In addition, based on management’s interpretation of these results, it has been confirmed that future development wells in this reservoir section should be able to achieve 8,000-10,000 bopd per well on production.

Drilling operations are continuing on prognosis to test the deeper reservoirs discovered by previous drilling.

Tony Buckingham, CEO, commented: “We are encouraged by the results of our first test in the Miran West-3 well which has confirmed the contingent resource in the Upper Cretaceous reservoir of the Miran West structure. Drilling of this well is demonstrating the ability to intersect the productive fracture network associated with multiple faults identified on recently acquired 3D seismic data. We are drilling ahead with a view to conducting the next test in the Lower Cretaceous reservoir.”

Heritage Energy Middle East, a wholly-owned subsidiary of Heritage, is operator and holds a 75% interest in the Miran Block and Genel Energy International Limited the remaining 25%, although there are third party back-in rights. The Miran Block has an area of 1,015 square kilometres and is located west of the city of Suleimaniah. The Miran Block contains two large structures, Miran West and Miran East, which have been mapped from 2D and 3D seismic programmes conducted by Heritage.

Testing highlights: 

  •  Maximum flow rate achieved from the Upper Cretaceous reservoir was 1,950 bopd, restricted by surface equipment
  • Confirmed gross in-place P50-P90 contingent volumes of 53-75 MMbbls of oil in the Upper Cretaceous reservoir in the Miran West structure — Results from the well confirm that development wells could produce8,000-10,000 bopd per well from this reservoir
  •  Drilling operations continuing ahead as planned

 

Staff Writer

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and...