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  1. Market Data
April 28, 2022

Heron Conventional Oil Field, Mongolia

By Carmen

Heron is a conventional oil development located onshore Mongolia and is operated by Petro Matad. Discovered in 2019, Heron lies in block Block XX (Matad 20).

The project is currently in commissioning stage and is expected to start commercial production in 2022. The Heron conventional oil development will involve the drilling of approximately three wells.

Field participation details

The field is owned by Petro Matad.

Production from Heron

Production from the Heron conventional oil development project is expected to begin in 2022 and is forecast to peak in 2031, to approximately 8,928 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2066.

Remaining recoverable reserves

The field is expected to recover 58.37 Mmboe, comprised of 58.37 Mmbbl of crude oil & condensate.


Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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