www.dragonoil.com
Dragon Oil is an independent international oil and gas exploration, development and production company. Our principal asset is the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan. The Group’s headquarters are located in Dubai, United Arab Emirates. Dragon Oil had proved and probable oil reserves as at 31 December 2009 of 617 million barrels and 3.1 trillion cubic feet of gas resources.
Dragon Oil reports further successful well test in Caspian Sea
Dragon Oil (LON:DGO) reported another successful well test in the Caspian Sea today, after the Dzheitune (Lam) 13/163 development well flowed at a rate of 1,584 barrels of oil per day.
This is a massive improvement over the initial flow rate achieved in December 2011 and follows a subsequent re-completion of the well.
Only last week, Dragon had reported successful completion of two other wells of the Cheleken contract area offshore Turkmenistan, Dzheitune (Lam) 13/140A and Dzheitune (Lam) A/165.
The company exited 2011 with a production rate of 71,751 bopd and the news so far this year bodes well for 2012 production figures.
Rig 40 has now skidded to the Dzheitune (Lam) 13/144B well to work it over.
Chief executive Dr Abdul Jaleel Al Khalifa said: "I am pleased to report that the flow rate from the Dzheitune (Lam) 13/163 development well has improved significantly after we added perforations at different reservoir intervals.
“We constantly seek to optimise production from existing as well as new wells using a range of techniques and it is satisfying to see an immediate positive impact on our production."



















