Heritage Oil Starts Drilling In Iraq
August 8, 2011 by UPI - United Press International, Inc.
ERBIL, Iraq, Aug. 8 (UPI) — Independent energy company Heritage Oil announced it started drilling its Miran West-3 well in the Kurdish region of Iraq.
Heritage said operations at Marin West-3 were initiated with the goal of appraising reserves. The start of the drilling represents the company’s appraisal campaign in the Kurdish region, the company said.
“The spudding of Miran West-3 begins our active multi-well exploration and appraisal drilling program in Kurdistan,” Heritage Chief Executive Officer Tony Buckingham said in a statement.
The company said activity in the Miran block as well as other drilling in Iraqi Kurdistan suggests reservoirs will support production rates of about 10,000 barrels of oil per day.
Heritage announced in January that it estimated there was at least 12 trillion cubic feet of natural gas and 53 million-75 million barrels of oil associated with its Miran structure in northern Iraq.
Buckingham in April said initial discussions with the Kurdistan Regional Government on Miran were “very constructive” noting they could lead to quick development of the field.