12 March 2010 07:31
Dragon Oil has completed and carried out initial testing of the Dzheitune (Lam) A/142 and 13/143 development wells in Turkmenistan, its first two of the year.
Dzheitune (Lam) A/142, drilled to a depth of 3,961metres, tested at a combined rate of 2,103 barrels of oil per day (bopd), while Dzheitune (Lam) 13/143, drilled to 3,450 metres, tested at a combined rate of 2,168 bopd.
The company is due to carry out further testing and optimisation of both wells over the coming weeks.
"Our field production is subject to normal decline and adding wells will ensure that we meet our 2010 committed production growth target," said chief executive Abdul Jaleel Al Khalifa.
Dragon expects to complete 11 wells this year after putting eight into production during 2009 when the average production rate rose 9% to 44,765 barrels of oil per day (bopd).
To buy or sell shares call our Dealing Room on 0113 243 6941.
Too much jargon? Our glossary will help make sense of things.
Find out more about our Share Dealing Services.
Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.