Dragon Oil plc, a Dubai-based international oil and gas exploration, development and production company, announces the successful completion and initial testing of the Dzheitune (Lam) 28/166 development well, off the coast of Turmenistan.
The well, located in the Caspian sea was completed with a single string to a depth of 2,810 metres and tested for initial production at 1,975 barrels of oil per day. The rig has skidded to the next slot and spudded the Dzheitune (Lam) 28/169 well.
“We are currently completing the Dzheitune (Lam) C/167 well with initial test results anticipated in approximately two weeks’ time. An additional perforation performed on the Dzheitune (Lam) 13/144B existing well yielded limited incremental production. Drilling of the Dzheitune (Lam) 13/168 well is ongoing,” reads the company’s statement.
Dragon Oil has recently announced it has been in talks with Bowleven, a UK-based oil & gas company focused on West Africa, over a potential takeover bid. The company said that it would decide whether to proceed with a formal bid or not by March 16, 2012.
Offshore Energy Today Staff, February 27, 2012; Image: Dragon Oil