Dragon Oil strikes again in Turkmenistan

Latest successful completion keeps company on track in Turkmenistan

he initial test result from the well was 3,038 barrels of oil per day.
he initial test result from the well was 3,038 barrels of oil per day.

Dragon Oil, exploration and production specialist with significant interests in Turkmenistan, announced on Friday that its Dzheitune (Lam) 28/156 development well in the Caspian has been completed and tested.

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 comapny's Iran Khazar rig is currently drilling the Dzheitune (Lam) B/157 well.

"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," said Dragon Oil CEO Dr Abdul Jaleel Al Khalifa. "

We continue to optimize well locations to ensure good potential while accessing different areas of the reservoir."

Dragon Oil is drilling further out into the Caspian sea under it 100% interest and operator role in a production sharing agreement for the Cheleken Contract Area with the Turkmenistan goevrnment.

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