Dragon Oil Drills Ahead with 3 Rigs in Dzheitune Field

Currently, three rigs -- the Astra jackup, the Iran Khazar jackup and the platform-based Rig 40 -- are drilling development wells in the Dzheitune (Lam) field, namely wells B/141, A/142 and 13/143, respectively. All three wells are expected to be put into production around the end of Q1 2010.

Rig 40 is scheduled to complete two wells during the first half of 2010 and will be engaged in the workover programme after that to enhance production from existing wells on the Dzheitune (Lam) 13 platform.

Once rigged up on the Dzheitune (Lam) 28 platform, the NIS Rig will commence drilling the first in a series of development wells in Q1 2010.

In total, Dragon Oil expects to complete 11 wells in 2010. More detailed guidance on production growth and infrastructure projects, as well as a strategy update, will be provided in the preliminary results statement.


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