Dragon Oil Drilling Update July 2011
Dzheitune (Lam) B/157 well tested at initial rate of 1,767 bopd
Dragon Oil plc, an international oil and gas exploration and production company, announces the completion and initial testing of the Dzheitune (Lam) B/157 development well. The Dzheitune (Lam) B/157 well was drilled to a depth of 2,900 metres and completed as a single producer by the Iran Khazar rig. The initial test result from the well was 1,767 barrels of oil per day (“bopd”). The Iran Khazar rig has skidded to the next slot and spudded the Dzheitune (Lam) B/159 well. The NIS rig is currently drilling the Dzheitune (Lam) 28/158 well.
Dr Abdul Jaleel Al Khalifa, Chief Executive Officer, commented:
“We have put into production six wells within the 2011 drilling campaign, having today reported the completion and initial testing of the Dzheitune (Lam) B/157 development well. We are making good progress on the drilling programme and will update the market on the production numbers for the first half of the year on 21 July 2011 in the trading statement.”