Dragon Oil, the Dublin-registered explorer operating in Turkmenistan, tested its Dzheitune (Lam) 22/128 development well in the Central Asian republic and said it expects to meet its output forecasts.
The well was drilled to a depth of 3,848 metres and pumped 2,600 barrels of oil a day, Dragon said today in a statement distributed by the Regulatory News Service. Further testing is scheduled for the next few weeks.
"This is the fifth well we have completed this year on schedule and in line with Dragon Oil's drilling program," Executive Chairman Hussain M. Sultan said in the statement.
"We are confident that we will meet our 2008 targets for both the number of wells drilled and production."
Completion of the Dzheitune (Lam) A/129 well is scheduled for August, the company said.
Bloomberg
