Turkmenistan: Dragon Oil Completes Initial Testing at Dzheitune (Lam) 28/156 Well

Dragon Oil plc , an international oil and gas exploration and production company, announces the completion and initial testing of the Dzheitune (Lam) 28/156 development well. The Dzheitune (Lam) 28/156 well reached a depth of 2,000 metres and was completed as a single producer by the NIS rig.

The initial test result from the well was 3,038 barrels of oil per day (“bopd”). The NIS rig has skidded to the next slot to spud the Dzheitune (Lam) 28/158 well shortly. The Iran Khazar rig is currently drilling the Dzheitune (Lam) B/157 well.

Dr Abdul Jaleel Al Khalifa, Chief Executive Officer, commented:

“I am pleased to report the successful completion and initial testing of the Dzheitune (Lam) 28/156 development well, the fifth well to have been completed within the 2011 drilling programme. We continue to optimize well locations to ensure good potential while accessing different areas of the reservoir.”

About Dragon Oil

Dragon Oil plc is an international oil and gas development and production company, quoted on the London and Irish Stock exchanges (Ticker symbol: DGO). Its principal producing asset is in the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan.

Dragon Oil (Turkmenistan) Ltd., a wholly owned subsidiary of Dragon Oil plc, holds 100% interest in and is the operator of the Production Sharing Agreement for the Cheleken Contract Area. The operational focus is on the re-development of two oil-producing fields, Dzheitune (Lam) and Dzhygalybeg (Zhdanov).

[mappress]
Source:Dragon Oil , June 17, 2011;