Dragon Oil continues Turkmenistan success

Dzheitune well on production with an initial rate of 1,320 bbopd

Dubai's Emirates National Oil Company (ENOC) has a 52% controlling interest in Dragon Oil plc.
Dubai's Emirates National Oil Company (ENOC) has a 52% controlling interest in Dragon Oil plc.

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Dragon Oil yesterday confirmed the successful completion and initial testing of the Dzheitune (Lam) 13 /13 5 development well. The well was drilled to a depth of 3,302 metres resulting in an initial combined tested rate of 1,320 bopd with further testing and optimisation scheduled to take place over the coming weeks.

The tested rate was slightly below expectations. However, it is expected to improve in line with other wells in this area as the pressures of the gassy zones are normalised, enabling the oil zones to produce at normal levels.

"I am pleased to report that the Dzheitune (Lam) development well has been completed," said Dr Abdul Jaleel Al Khalifa, Dragon Oil's chief executive officer. "Although the combined test rate is below the average production rates expected from this area of the field, the rate will improve as the well pressures normalise."

Dubai's Emirates National Oil Company (ENOC) has a 52% controlling interest in Dragon Oil plc.

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