Dragon Oil Spuds Lam21/106 Development Well

Dragon Oil has spud of well LAM21/106, the first of four development wells to be drilled from the LAM21 platform in its Cheleken Contract Area, offshore Turkmenistan. Having completed the last of five successful wells on LAM22 platform in January 2003, well LAM 21/106 continues the development of the LAM field.

The well is being drilled by Lukoi's jackup, Astra. The well has a planned total depth of 5,200m. The LAM21 platform has been refurbished so that oil from the new wells can be transferred directly into the existing pipeline infrastructure.

Dragon's Chairman and CEO, Hussain M Sultan said: 'The spudding of well LAM21/106 marks another achievement in Dragon's development of the LAM field. We are looking at options to implement a continuous drilling program.'