29th Dec 2005 10:11
Dragon Oil PLC29 December 2005 PRESS RELEASE DRAGON OIL plc ("Dragon") This release replaces Dragon Oil's announcement of 28 December 2005 because itcontains a correction in the third paragraph: the company confirms that theupper string mentioned below tested at a rate of 2,087 bopd and the lower stringtested at a rate of 863 bopd. WELL LAM10/112 STARTS PRODUCTION Dragon is pleased to announce that well LAM 10/112 drilled from the refurbishedLAM 10 platform in the Cheleken Contract Area, offshore Turkmenistan, has testedoil from Zones 4, 5 and 6 at a combined rate of 2,950 barrels of oil per day, ("bopd"). Well LAM10/112 was spudded on 14th October 2005 and drilled to a total depth of3,629m in reservoir Zone 7. The well was successfully completed using a dualcompletion which enables two reservoir intervals, at different reservoirpressures, to be produced simultaneously. Reservoir Zones 5 (lower part) and 6 were produced through the lower completionstring and tested at a rate of 863 bopd. The upper part of reservoir Zone 5 andZone 4 was produced through the upper completion string and tested at a rate of2,087 bopd. Both intervals will be produced together. The Iran Khazar jack-up rig has been skidded to commence drilling the fourthwell from the LAM 10 platform, well LAM 10/113. This well is planned to bedrilled to a total depth of around 3,700 metres. Hussain M. Sultan, Chairman of Dragon commented: "We are pleased with the result of well LAM 10/112 which was drilled using dualcompletion technology." Ends Enquiries: Citigate Dewe Rogerson00 44 7834 767054George Cazenove This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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