Turkmenistan, Ashgabat, Nov 21 /corr. Trend H.Hasanov/
The UAE's oil and gas company Dragon Oil has successfully completed next stage of drilling work on the Turkmen section of the Caspian Sea, the company reported on Monday.
The well drilled on the Dzheitun field (LAM) B/162 has a daily production rate of 1,096 barrels of oil at a depth of 29,700 feet.
Dragon Oil is registered in London and Dublin stock markets.
The company operates in Eastern sector of the South-Caspian basin - on the contract area of Cheleken, the total area of contractual territory of which is 950 square kilometers. It includes oilfields Djeighun, Djigalibek and Cheleketgummez.
More than 40 new wells have been commissioned during the period of work, more than 10 platforms have been reconstructed and built, tens of kilometers of pipelines have been constructed, the export facilities have been widened, additional oil reservoirs have been built, loading of two tankers simultaneously have become possible.
The company earlier reported its plans to allocate $600-700 million to improve oil infrastructure, $250 million of which will expended in 2011.
According to plans for 2011, it is planned to complete drilling 11 wells and increase the number of developed wells to 40 in total by 2013.
Dragon Oil transports oil through the Baku-Tbilisi-Ceyhan pipeline.