Dragon Oil drills Turkmen field

Oil&Gas Materials 19 July 2011 18:17 (UTC +04:00)

Azerbaijan, Baku, July 19 / Trend E. Ismayilov /

Dragon Oil has started drilling the Ceytun Field in the Turkmen sector of the Caspian Sea from the drilling rig No 13, the company said.

Four wells on this platform will be drilled using the drilling module Rig 40.

According to the report, the first two wells are planned to be drilled by late 2011 and deepening of the remaining two - in 2012.

The company's activity is conducted in the eastern sector of the South Caspian Basin - in the Contract Area "Cheleken" with reserves of 80 million tons of oil and 88 billion cubic meters of natural gas.

The basic PSA agreement with the Turkmen government was signed in 1999. The total area of the contract area is approximately 950 square kilometers. It includes the following deposits Jeytun and Jigalibeg and Chelekenyangummez.

Dragon Oil, registered on the London and Dublin stock exchanges.