Looking good: for Heritage in Kurdistan
Kurdistan probe flirts with Heritage
The Miran West-1 exploration well in the Kurdistan region of Iraq has unveiled oil shows for Canadian independent Heritage Oil.
The well, which reached a total depth of 2935 metres, hit oil shows over a 1100 metre interval.
Heritage said that oil shows were seen over the three principal proven reservoir formations in the region, the Shiranish, Kometan and Qamchuqua reservoirs.
Preparations are underway to begin testing the first ever well to be drilled on the Miran licence and are expected to take up to one month to complete.
“The excellent oil shows over such a large interval of 1.1 kilometres highlights the multi-billion barrel oil potential of the prospects on the Miran licence, given the extensive area of the two Miran structures,” Heritage chief executive Tony Buckingham said.
Heritage operates the block with 100% interest, but there is back-in rights, which if fully exercised could result in a minimum holding of 56.25%. The Miran licence has an area of 1015 square kilometres and lies west of the city of Suleimaniah.