Dragon Oil Wraps Up Ops at Dzheitune Well

- Dragon Oil Wraps Up Ops at Dzheitune Well

Friday, June 17, 2011
Dragon Oil plc

Dragon Oil announced the completion and initial testing of the Dzheitune (Lam) 28/156 development well. The Dzheitune (Lam) 28/156 well reached a depth of 2,000 meters and was completed as a single producer by the NIS rig. The initial test result from the well was 3,038 barrels of oil per day ("bopd"). The NIS rig has skidded to the next slot to spud the Dzheitune (Lam) 28/158 well shortly. The Iran Khazar rig is currently drilling the Dzheitune (Lam) B/157 well.

Dr. Abdul Jaleel Al Khalifa, Chief Executive Officer, commented, "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 program. We continue to optimize well locations to ensure good potential while accessing different areas of the reservoir."

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Dragon Oil Completes Testing at Dzheitune Well

- Dragon Oil Completes Testing at Dzheitune Well

Friday, June 03, 2011
Dragon Oil plc

Dragon Oil announced the completion and initial testing of the Dzheitune (Lam) B/155 development well, the sixth well drilled from the Dzheitune (Lam) B platform. The well was designed as a delineation-development well to reach the furthermost western area of the Dzheitune (Lam) West structure in order to explore the edge of the structure. It was drilled to a depth of 2,800 meters and completed on a dual production basis by the Iran Khazar rig. The well crossed several oil bearing sands with good results in some pay sections. The initial combined test result from the well was 783 barrels of oil per day ("bopd"), with an initial rate of 611 bopd from the short string and 172 bopd from the long string. A full review of the data is being undertaken with further testing and optimization scheduled to take place. The results from this well are being used to update our geological modeling scenarios and, hence, future drilling plans in that area of the field.

The Iran Khazar rig has skidded to the next slot and spudded the Dzheitune (Lam) B/157 well; while the NIS rig is currently drilling the Dzheitune (Lam) 28/156 well.

Dr. Abdul Jaleel Al Khalifa, Chief Executive Officer, commented, "The Dzheitune (Lam) B/155 well crossed several oil bearing sands with good results in some pay sections and provided us with data on the most western area of the Dzheitune (Lam) structure. The results from this well do not affect our stated production growth guidance for 2011 of up to 20%. The next well to come into production will be the Dzheitune (Lam) 28/156 development well."

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