Dragon Oil announces the successful completion of Dzheitune

Monday, Mar 19, 2012

Dzheitune (Lam) C/167 well tested at initial rate of 3,396 barrels of oil per day

Dragon Oil plc (Ticker: DGO), an international oil and gas exploration, development and production company, announces the successful completion and initial testing of the Dzheitune (Lam) C/167 development well.

The well was completed as a dual producer to a depth of 2,765 metres. It tested for initial production at 1,682 barrels of oil per day at the short string with the long string testing at 1,714 barrels of oil per day. The combined rate of initial production was 3,396 barrels of oil per day. The drilling rig has skidded to the next slot and spudded the Dzheitune (Lam) C/170 well.

Dr Abdul Jaleel Al Khalifa, Chief Executive Officer, commented:

"I am pleased to report solid drilling results from the first appraisal and development well to have been completed from the new wellhead and production Dzheitune (Lam) C platform. The drilling results together with logs and pressure tests indicate that the prolific oil bearing sands in the reservoirs under the Dzheitune (Lam) 28 platform extend to the west towards the Dzheitune (Lam) C platform location. The findings from this well further prove our understanding of the Dzheitune (Lam) West area."

Source: Dragon Oil