Heritage Oil Company News

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Kina Petroleum to Exit Papua New Guinea License
Thursday, March 24, 2016Kina Petroleum Limited will exit exploration license PPL 337 after failing to encounter commercial quantities of hydrocarbons.

Heritage Oil Fails to Find Gas at Kwila-1 Prospect in Papua New Guinea
Thursday, July 09, 2015Heritage Oil fails to find gas at the Kwila-1 exploration well in PPL 337 in Papua New Guinea.

Kina Petroleum Updates on Kwila-1 Exploration Drilling in PPL 337 in PNG
Wednesday, July 08, 2015Kina Petroleum updates on drilling at the Kwila-1 exploration well in PPL 337 in Papua New Guinea.

Heritage Oil Drills Kwila-1 Well in PPL 337 in Papua New Guinea
Tuesday, June 23, 2015Heritage Oil drills Kwila-1 exploration well in PPL 337 in Papua New Guinea.

Kina Petroleum Prepares to Drill 2 Exploration Wells in PPL 337 in PNG
Wednesday, March 18, 2015Kina Petroleum prepares to drill two exploration wells in PPL 337 in Papua New Guinea.

EDA Bags Contract from Heritage Oil to Drill 2 Exploration Wells in PNG
Wednesday, November 19, 2014Energy Drilling Australia bags a contract with Heritage Oil to drill two exploration wells in Papua New Guinea.

Heritage Increases Production from OML 30 Onshore Nigeria
Wednesday, February 26, 2014Heritage Oil increases production at its OML 30 concession, onshore Nigeria, by 17% compared to the last quarter of 2013.

Heritage Sets up Southern Nigerian Joint Venture
Wednesday, November 13, 2013Heritage Oil has entered into a deal to establish an indigenous Nigerian oil company, Petrobay Energy, which will be focused on assets in Bayelsa state in the south of the country.

Heritage: OML 30 Back Producing over 35,000 bopd
Wednesday, June 12, 2013Heritage Oil says that, after resolving problems, its OML 30 concession in Nigeria is back to producing more than 35,000 barrels of oil per day.

Heritage Reviews Ugandan Tribunal Decision
Thursday, April 04, 2013Heritage Oil says it is reviewing a decision on jurisdictional challenges raised by the Ugandan government in an arbitration tribunal.

Heritage Oil to Farm-In to PNG Licenses
Tuesday, April 02, 2013Heritage Oil agrees with LNG Energy Ltd. to farm-in to two licenses onshore Papua New Guinea (PNG).

Genel Completes Purchase of 49% of Miran Block
Wednesday, January 23, 2013Genel Energy completes acquisition of the remaining 49 percent participating interest in the Miran exploration block in Kurdistan.

Genel Increases Stake in Kurdistan's Miran Field
Tuesday, August 21, 2012Genel Energy buys 26-percent stake from Heritage Oil in move aimed at solidifying Genel as Kurdistan's "leading" oil and gas company.

Heritage to Make 'Bold and Ambitious' Acquisition in Nigeria
Monday, July 02, 2012Heritage Oil plans to buy 45-percent interest in OML 30 for $850 million.

Heritage Oil All Smiles over Miran West 3 Results
Friday, May 18, 2012"We are delighted with the Miran West 3 test results which give us great comfort on the extent of the primary gas reservoir and demonstrates its producibility," CEO Tony Buckingham said.

Heritage Oil IDs Gas Find in Kurdistan
Tuesday, April 03, 2012Heritage Oil has discovered a new gas find at the Miran West-3 well in the Kurdistan region of Iraq.

Heritage Oil Spuds Miran East Well in Kurdistan
Thursday, March 08, 2012Heritage said that the Miran East-1 is the first well to be drilled on a "highly prospective" eastern structure.

Heritage Oil Adds Acreage in Tanzania
Wednesday, January 25, 2012Heritage Oil Plc has been awarded a further Production Sharing Agreement in Tanzania.

Heritage to Appeal Uganda Ruling In Capital Gains Tax Dispute
Thursday, November 24, 2011Uganda's tax appeals tribunal rules against Heritage Oil's challenge to taxes of at least $404M on the sale of its interests in the country last year.

Heritage Seeks Rig for Kurdish Drilling
Wednesday, November 16, 2011Heritage is looking to contract at least one rig to continue the drilling program across the Block in 2011 which will include an exploration well on the Miran East structure.

Heritage Expands Acreage in Tanzania with PSA
Tuesday, November 01, 2011Heritage Oil has been awarded a further Production Sharing Agreement ("PSA") in Tanzania and is the operator with 100% interest.

Uganda Interior Minister to Resign As Graft Charges Rock Oil Sector
Friday, October 14, 2011Uganda's internal affairs minister said he would resign his position to pave the way for a smooth investigations into graft allegations in the oil sector.

Heritage Wraps Up Testing at Miran West-3 Well
Wednesday, October 05, 2011Heritage Oil has completed testing of the oil bearing Upper Cretaceous reservoir in the Miran West-3 well in the Kurdistan Region of Iraq ("Kurdistan").

Heritage Gains Access to Libyan Oil Industry with Acquisition
Tuesday, October 04, 2011Heritage Oil has acquired a controlling 51% interest in SOSH which holds the necessary long term permits and licenses to provide oil field services in Libya.

Heritage Bumps Production at Russian Field
Tuesday, August 16, 2011Heritage announced that the drilling and testing of horizontal well 363 has been completed in the Zapadno Chumpasskoye Field in Russia, resulting in a significant increase in production.

Heritage Commences Drilling in Kurdistan
Monday, August 08, 2011Heritage Oil has commenced drilling the Miran West-3 well in the Kurdistan Region of Iraq ("Kurdistan").

Heritage Highlights 2010 Activities
Tuesday, April 19, 2011"The sale of the Ugandan Assets in 2010 has provided Heritage with a strong balance sheet for activities within the current portfolio and the ability to appraise further opportunities to generate value for shareholders," said Tony Buckingham.

Heritage to Commence Multi-Well Exploration Program at Miran Block
Monday, April 18, 2011Heritage has signed a rig contract with DaQing International to supply the rig to commence a multi-well exploration and appraisal drilling campaign on the Miran Block.

Heritage Unlocks 'One of The Largest' Gas Finds in Iraq
Wednesday, January 26, 2011The Miran-West 2 discovery could contain between 6.8-9.1 Tcf of natural gas, making it one of the largest gas fields to be discovered in Iraq.

Heritage Encounters Hydrocarbons at Miran Well
Thursday, November 18, 2010The Miran West-2 well encountered indications of hydrocarbons from intervals within the Cretaceous, Jurassic and Triassic in excess of 2,500 meters.

Uganda Says Tullow License Can't Be Renewed
Thursday, November 11, 2010The oil exploration license for Uganda's block 3A, which was formerly licensed to London-listed Tullow Oil and Heritage Oil, isn't renewable under Ugandan laws.

Tax Dispute Halts Tullow Drilling on 2 Uganda Blocks
Wednesday, November 10, 2010Tullow's exploration and appraisal drilling on 2 oil license blocks in Uganda has been halted by a tax dispute between the govt and Heritage Oil.

Heritage Updates Drilling Progress at Miran Well
Friday, August 27, 2010"We are encouraged with progress of the Miran West-2 well and will provide an update when we have reached total depth," commented Tony Buckingham, Chief Executive Officer.

Tullow Takes $1.35B Stake in Heritage's Ugandan Assets
Tuesday, July 27, 2010Tullow Uganda has completed the US $1.35 billion acquisition of a 50% interest in Blocks 1 and 3A in Uganda from Heritage O&G.

Uganda Govt Approves Sale of Heritage's Ugandan Assets
Wednesday, July 07, 2010The Government of Uganda has approved the sale by Heritage Oil & Gas Limited (HOGL) of its 50% interest in Blocks 1 and 3A in Uganda to Tullow Uganda.

Total, Eni, Heritage Express Interest in Afghan Oil - Minister
Friday, June 25, 2010Major oil producers Total, Eni and Heritage Oil have expressed interest and get information about upcoming oil tenders in Afghanistan

Heritage Oil Spotlights Operational Activities
Thursday, June 17, 2010"Operationally we are busy with active work programs across our portfolio," said Tony Buckingham.

Heritage Oil Highlights Financial, Operational Results for '09
Friday, April 30, 2010"Operational strength in 2009 coupled with corporate initiatives has placed the Company in a strong position for 2010 and beyond. In the short-term we remain focused on delivering shareholder value," said Tony Buckingham.

Heritage Hits Paydirt, Digs Deeper at Miran West
Wednesday, April 07, 2010Heritage Oil's Miran West-2 appraisal well has intersected significant hydrocarbon-bearing intervals over approximately 1,800 meters within Cretaceous formations.

East Africa Shines as Oil Exploration Bright Spot
Wednesday, March 10, 2010East Africa has become a promising new frontier for oil exploration and major multinationals are jostling for the rights to search for black gold.

Rig Shortage Delays Ugandan Drilling Programs
Friday, February 26, 2010A shortage of drilling rigs is hampering appraisals and drilling activities in oil fields in Uganda's Block 2 and Block 4B, the senior geologist at the petroleum exploration and production department said Friday.

Uganda Asks Tullow to Trim Proposed Share of Oil Assets
Thursday, February 18, 2010The Ugandan government has asked Tullow to reduce the size of its proposed share in three of the country's oil blocks.

Uganda Needs $8B Oil Investment in Next Decade
Wednesday, February 17, 2010Uganda needs investments worth $8 billion in the next 10 years to develop its oil and gas industry, the ministry of energy and minerals development said Wednesday.

Heritage Confirms Transfer of Ugandan Interests to Tullow
Monday, February 08, 2010Eni's termination should expedite completion of the sale and purchase agreement entered into between Heritage and Tullow on January 26, 2010, which is on the same terms and conditions as the Eni SPA.

Uganda Approves Tullow's $1.5B Takeover of 2 Oil Blocks
Thursday, February 04, 2010The Ugandan government has approved Tullow's takeover of Heritage's interests in two oil blocks in the Lake Albert basin for up to $1.5 billion.

Foreign Firms Angle for Uganda's Oil Reserves
Monday, February 01, 2010A skirmish over an oil field on the shores of Africa's Lake Albert highlights Big Oil's intense interest in Uganda -- a rising star of African energy.

Tullow May Sell Half Ugandan Assets to CNOOC or Total
Wednesday, January 27, 2010Development of Uganda's fledgling oil sector looked set to kick into a higher gear Wednesday as Tullow said it would bring either Total or CNOOC as a partner into the country.

Tullow One Step Closer to Acquiring Ugandan Blocks
Tuesday, January 26, 2010Tullow has entered into a Sale and Purchase agreement for Heritage's Ugandan interests in Block 1 and Block 3A, expected to be completed in the first quarter of 2010.

Eni May Sweeten $1.5B Uganda Oil Deal
Monday, January 25, 2010Eni may sweeten a $1.5 billion deal to purchase Heritage's stakes in two Ugandan oil fields to edge out its competitor.

Tullow Unlocks Additional Pay in Uganda Block 2
Friday, January 22, 2010The Kasamene-2 appraisal well, located in Uganda Block 2, has encountered 39 meters of net oil pay and 8 meters of net gas pay.