Posted inProducts & Services

Dragon Oil continues Turkmenistan success

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

Other stories: Top 10 billion dollar oil deals of the summer | 2009’s winners and losers in the oil industry | 10 events in oil’s history that shook the world | Top 10 Gulf mega projects | Top 10 largest publicly traded oil companies | Top 10 National Oil Companies by production | World’s 10 largest oilfield services companies | World’s 10 largest oil and gas contractors

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.

Staff Writer

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and...