The well, which is being drilled with the primary objective of appraising the Miran West structure, is targeting both the Jurassic and Cretaceous reservoir formations encountered in the Miran West-1 and Miran West-2 discovery wells.
Heritage Oil plans to test and evaluate multiple reservoir intervals as the well is drilled to a target depth of approximately 4,400m.
The company estimates gross in-place volumes for the Miran West structure to have a P90-P50 range of 6.8-9.1 TCF of gas with an upside P10 gas potential of 12.3 TCF, and this is in addition to the estimated P50-P90 range of 42-71mmbbls of condensate and 53-75mmbbls of oil.
Heritage Oil CEO Tony Buckingham said that the spudding of Miran West-3 begins the company’s active multi-well exploration and appraisal drilling program in Kurdistan.
Heritage Oil holds a 75% interest in the Miran Block and is the operator, with Genel Energy International holding the remaining 25% interest.
