Dragon Oil Provides Update on Wells Offshore Turkmenistan

Dragon Oil plc, an international oil and gas exploration, development and production company, publishes the results of completion and initial testing for three development wells and an updated rate for the 28/169 well in the Dzheitune (Lam) field.

The Dzheitune (Lam) C/170 well was completed as a dual producer to a depth of 2,730 metres. The well tested for initial production at 2,072 barrels of oil per day (“bopd”). The drilling rig has skidded to the next slot and spudded the Dzheitune (Lam) C/173 well.

The Dzheitune (Lam) 13/171 is under completion testing and evaluation; further rigless optimisation will be performed on the well. At the moment the well is yielding limited production. The drilling rig has been moved to the Dzheitune (Lam) 13/144 existing well to perform a sidetrack.

The Dzheitune (Lam) 28/169 well, the initial test results for which were reported in May 2012, was re-tested following further optimisation and yielded incremental production of over 300 bopd to reach a test rate of 2,097 bopd. Rigless testing was performed once the well was completed to allow the drilling rig to spud the next well on time.

The Dzheitune (Lam) 28/172 well was drilled to a depth of 2,007 metres and completed as a single producer. The well tested for initial production at 1,976 bopd. The drilling rig has been moved to the next slot and has spudded the Dzheitune (Lam) 28/174 well.

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Source: Dragon Oil, June 6, 2012