With six of the company’s 11 planned new wells now complete, the company said it is on target to successfully complete the programme in 2010.
Dzheitune (Lam) 13/144 was drilled to 3,434m and tested at an initial rate of 1,809bopd. Dzheitune 28/146 was drilled to a depth of 3,200m and tested at 2,311bopd. The Dzheitune A/129 sidetrack well was the final scheduled work-over for the 2010 programme; the sidetrack was drilled to 1,815m and it initially tested at 1,140bopd.
Dragon Oil operates a Production Sharing Agreement (PSA) for the Cheleken Contract Area. Through the PSA, the company was granted a production licence for the exploration and development of the oil and gas resources in the Cheleken area for of 25 years. The PSA became effective on 1 May 2000.
Cheleken comprises two off-shore oil and gas fields, the Dzheitune (Lam) and the Dzhygalybeg (Zhdanov), which are situated in water depths between 8 and 42 metres. The company’s primary operational focus is on the re-development of these two producing fields, which were discovered during the Soviet era in Turkmenistan.
http://www.proactiveinvestors.co.uk/companies/news/19037/dragon-oil-completes-3-well-tests-for-total-of-5000-bopd-19037.html
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