Initial testing complete on Dzheitune well

Development well Dzheitune (Lam) A/129 yielded a combined rate of 2,123 b/d of oil from the short and long strings following initial testing, according to Dragon Oil.

Offshore staff

DUBAI -- Development well Dzheitune (Lam) A/129 yielded a combined rate of 2,123 b/d of oil from the short and long strings following initial testing, according to Dragon Oil.

Initial testing of the well was completed on schedule, the company says. The rigIran Khazar drilled the well to a depth of 4,135 m (13,566 ft), with testing of the short and long strings resulting in production rates of 1,417 b/d and 796 b/d respectively. Further testing and optimization is scheduled to take place over the next few weeks.

TheCIS-1 rig is currently drilling the development well Dzheitune (Lam) 22/130 from the Dzheitune (Lam) 22 platform. This new development well has a target depth of 3,840 m (12,598 ft) and is expected to begin production in October. Once well Dzheitune (Lam) 22/130 is completed, the CIS-1 rig will be moved to the Dzheitune (Lam) 28 platform for the next phase of its drilling program

TheIran Khazar rig will skid to slot 8 on the Dzheitune (Lam) A platform and will spud a further development well, Dzheitune (Lam) A/131. The new development well has a target depth of 4,164 m (13,661 ft) and is expected to come online in November.

Once this well has been completed, theIran Khazar rig will go for planned maintenance works and will begin drilling in January 2009.

08/21/2008

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