Heritage significantly increases oil production in Russia through horizontal drilling

Source: Heritage Oil

Heritage Oil Plc (LSE:HOIL) has completed drilling and testing horizontal well 363 in the Zapadno Chumpasskoye oil field in Russia, resulting in a significant increase in production.

Exceeding pre-drill expectations, production from the field is currently 1,600 bopd, which is a significant increase on the level achieved in the first quarter of 431 bopd.

Well 363 is currently producing at a controlled rate of 1,205 bopd. During the flow test, the well produced at rates of up to 1,405 bopd, and the well potential has been calculated to be 2,365 bopd. Currently, we plan to drill a further horizontal well in the field in the fourth quarter.

Historical development of this reservoir throughout the region has been through conventional drilling on a grid pattern. Heritage recognized a potential opportunity to improve the efficiency and economics of field development by utilizing horizontal drilling technology, thus decreasing the number of wells and the total cost required to develop the field while potentially improving recovery.



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