DRAGON OIL PLC announced competion and testing of well

Dragon Oil plc announced the successful completion and initial testing of the Dzheitune (Lam) 28/134 development well that was drilled to a depth of 10,761 ft (3,280 m). Initial testing of the long and short strings resulted in production rates of 2,685 bopd and 869 bopd, respectively, with further testing and optimisation scheduled to take place over the coming weeks. The Dzheitune (Lam) 28/134 development well is the second well to be completed from the refurbished Dzheitune (Lam) 28 platform.

The Iran Khazar jack-up rig has now skidded to spud the Dzheitune (Lam) 28/136 development well. The platform-based Rig 40 is currently drilling the Dzheitune (Lam) 13/135 development well.

Dr Abdul Jaleel Al Khalifa, chief executive officer, said, "I am pleased to announce the successful completion and initial testing of the Dzheitune (Lam) 28/134 development well using the Iran Khazar jack-up rig. While the current production rate is approximately 43,500 bopd due to the slow start to the drilling programme this year; we, nevertheless, remain focussed on meeting our annual production growth forecast for 2009.”