Azerbaijan, Baku, April 1 / Trend E.Ismayilov /
Dragon Oil plc (Ticker: DGO), an international oil and gas exploration and production company, announces the completion and initial testing of the Dzheitune (Lam) 28/152 and B/153 development wells, the company reported.
The Dzheitune (Lam) 28/152 well was drilled to a depth of 3,768 metres and completed as a dual producer by the NIS rig. The short string tested at the initial rate of 2,091 barrels of oil per day ("bopd") with the long string testing at 1,372 bopd.
The Dzheitune (Lam) B/153 well was drilled by the Iran Khazar rig to the depth of 3,668 metres and completed with dual strings. The short string tested at the initial rate of 1,080 bopd while the initial test result from the long string was 1,348 bopd.
"I am pleased to report the successful completion and solid initial test results of the Dzheitune (Lam) 28/152 and B/153 development wells, the first two wells of this year's 11-well drilling programme to have been put into production. Both rigs, the NIS rig and the Iran Khazar rig, are already drilling the next two wells," Chief Executive Officer Dr Abdul Jaleel Al Khalifa said.
"Following the transition over to the new 30-inch trunkline and associated in-field pipelines, we are continuing to see strong average daily production rates in excess of 57,000 bopd in February and March 2011," he added.
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). A proved and probable residual resource in the contract area is about 300 million barrels of oil and more than three trillion cubic feet of gas.