Turkmenistan: Dragon Oil Completes Initial Testing of Dzheitune (Lam) Development

Dragon Oil plc, an international oil and gas exploration, development and production company, announces the results of successful completion and initial testing for the Dzheitune (Lam) 28/174 development well and sidetrack of the Dzheitune (Lam) 13/144C.

The Dzheitune (Lam) 28/174 well was completed as a single producer to a depth of 1,976 metres. The well tested for initial production at 1,705 barrels of oil per day (“bopd”). The drilling rig will undergo scheduled maintenance before skidding to spud the next well on the Dzheitune (Lam) 28 platform.

The sidetrack of the Dzheitune (Lam) 13/144C well yielded the initial flow rate of 956 bopd from a single string. The reached depth was 2,637 metres. The rig has moved to add intervals on the Dzheitune (Lam) 13/171 well; while testing and optimisation work continue on this well.

Dragon Oil is to publish its trading statement for the first half of the year on 24 July 2012.

[mappress]
Press Release, July 18, 2012