12th Oct 2005 12:00
Dragon Oil PLC12 October 2005 PRESS RELEASE DRAGON OIL plc ("Dragon") WELL LAM10/111 STARTS PRODUCTION Dragon is pleased to announce that well LAM 10/111 on the refurbished LAM 10platform in the Cheleken Contract Area, offshore Turkmenistan, has tested oilfrom Zones 4, 5 and 6 at a combined rate of 2,586 barrels of oil per day, ("bopd"). Well 10/111 was spudded on 19th July 2005 and drilled to a total depth of 3,544mMD (measured depth) in reservoir Zone 7. The well was successfully completedusing dual completion which enables two reservoir intervals, at differentreservoir pressures, to be produced simultaneously. This is the first time thatDragon has used dual completion technology. Reservoir Zones 4 (lower part), 5 and 6 were produced through the lowercompletion string and tested at a rate of 1,506 bopd. The upper part ofreservoir Zone 4 was produced through the upper completion string and tested ata rate of 1,080 bopd. Both intervals will be produced together. The Iran Khazar jack-up rig has been skidded to commence drilling the third wellfrom the LAM 10 platform, well LAM 10/112. This well is planned to be drilled toa total depth of around 3,600 metres. Hussain M. Sultan, Chairman of Dragon commented: "We are pleased with the result of well LAM 10/111 and with the successfulapplication of dual completion technology. It is planned to use this technologyon future wells." Ends Enquiries: Citigate Dewe Rogerson+44 20 7638 9571Martin Jackson Dated 12th October 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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