Dragon Encouraged by Zhadanov Workover Results

Dragon Oil said the workover of Well Z60/66 on the Zhadanov Field was successful. The Zhadanov is located in the Cheleken Contract Area, offshore Turkmenistan.

Well Z60/66, on the Zhdanov 60 platform, was completed in Zones 8 and 9 and was tested at a rate of 350 barrels of oil per day (bopd). Prior to the workover, the well was not on production.

>"The results of the workovers on the Zhadanov Field have been encouraging to date and we are very pleased with the levels of production considering the relatively low costs associated with our workover program," commented Dragon Chairman Hussain M. Sultan. "We will continue with our planned workover program, with the next activity to be conducted on the LAM Field."

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.