Miran 4 spudded25 Aug 2012 23:57
Posted on iii by Pappiklon
http://www.equities.com/news/headline-story?dt=2012-08-25&val=414848&cat=energy
Heritage Oil commences drilling of Miran West-4 well in Kurdistan
Comtex News Network
Aug 25, 2012 (Datamonitor via COMTEX) -- Heritage Oil Plc, an upstream exploration and production company, has commenced the drilling of Miran West-4 appraisal well in Kurdistan.
Drilling of the Miran West-4 oil appraisal well has commenced with an estimated target depth of c. 1,550 meters. This will be the fifth well drilled on Miran and the fourth on the Western structure. This highly deviated step out well is targeting the oil within the upper Cretaceous on the flank of the structure and it is planned to drill a c. 500 meter horizontal section in the reservoir in order to maximize penetration of fractures.
The well design utilizes recently acquired 3D seismic data and the enhanced understanding of the structural configuration within the Miran Field that this has provided. Drilling of Miran West-4 is expected to take approximately three and a half months. On completion of the drilling, Heritage plans to undertake an extended well test of these oil bearing reservoirs selling between 3,000 to 5,000 barrels of oil gross per day into the local market.
Tony Buckingham, CEO, commented: "Following the highly successful Miran West-3 test results, the spudding of Miran West-4 continues our active work programme in Kurdistan. We remain focused on the monetization 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 up to 5,000 barrels of oil per day into the local market generating cash flow from the field."
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