Dragon Oil to Start Seismic Survey Offshore Turkmenistan

Dragon reports that vessels and equipment have been mobilized to Turkmenistan to commence a marine 3D seismic survey. The survey will cover the entire area of Dragon's LAM and Zhdanov fields and is expected to be completed in September 2004.

The company also reports that a contractor has begun operations to install two new pipelines that will take the additional production from the new wells on platforms LAM21 and LAM10.

Hussain M. Sultan, Chairman of Dragon Oil commented: 'The marine 3D seismic survey is an important part of our plans for the LAM and Zhdanov fields. The acquisition of 3D data will give us a much clearer picture of the fields' internal reservoir architecture which is critical to our identification of further drilling targets.'