Friday, 17 June 2011
Dragon Oil's Caspian well tests at 3,038 b/d
The company's oil Chief executive Abdul Jaleel Al Khalifa said: "I am pleased to report the successful completion and initial testing of the Dzheitune (Lam) 28/156 development well, the fifth well to have been completed within the 2011 drilling programme. We continue to optimize well locations to ensure good potential while accessing different areas of the reservoir."
In April, Dragon announced it had a strong first quarter to end-March 2011 with a solid production performance. It now plans to complete 11 wells within the 2011 drilling campaign. Production from the Cheleken contract area averaged approximately 57,800 b/d, up from 47,600 b/d in the first quarter last year.
Sources: Proactive Investors, Dragon Oil
For more news and expert analysis about the Caspian region, please see Caspian Focus.