Dragon Oil to Recommence Operations in the Cheleken Area

Dragon Oil reports that the Lukoil Shelf Limited jack-up, Astra, has arrived in the Cheleken Contract Area offshore Turkmenistan to re-commence Dragon's LAM field drilling and development program. Drilling, using the Astra jack-up will commence shortly, with three new wells planned over the next eight months.

The Chairman Hussain M. Sultan said, 'The arrival of the Lukoil jack up rig, as planned, is good news for Dragon and it will enable us to re-commence our drilling operations from LAM 21.

As we have previously announced the jack up rig was due in our field, during the second week of November, and I am very pleased to report that we have kept to this timetable. We expect to commence drilling the first well early next week'.