Dragon updates Turkmeni plans

April 8, 2014

Dragon Oil says drilling on the Cheleken Contract Area in Turkmenistan has been delayed and will be weighted towards H2 this year, with a total 14-16 wells due to be drilled.

The Cheleken Contract Area covers about 950sq km and comprises two offshore oil and gas fields, Dzheitune (Lam) and Dzhygalybeg (Zhdanov), in 8-42m water depth.

Image: The Dzheitune (Lam) platform A. 

A sidetrack, Dzheitune (Lam) B/155A, was completed by the jackup rig Elima as a single producer in February 2014, and is producing at 1175 bo/d. The Elima has since been mobilized to the Dzheitune (Lam) 4 platform and is drilling the Dzheitune (Lam) 4/187B well, to appraise a location for a future platform.

In March 2014, the Neptune rig spudded the Dzhygalybeg (Zhdanov) 21/101 development well. Land Rig 1 is currently drilling the Dzheitune (Lam) 22/188 well. Work is ongoing on the Dzhygalybeg (Zhdanov) A platform to accept Land Rig 2, which is expected to spud the Dzhygalybeg (Zhdanov) A/102 well in 2Q 2014.

The Caspian Driller jackup is due to arrive in 2H 2014.

The average field production in the Cheleken Contract Area for 1Q 2014 was 72,300 bopd (1Q 2013: 71,800 bopd).

The Dzheitune (Lam) and Dzhygalybeg (Zhdanov) fields comprise two elongate anticlines situated at the eastern end of the prolific hydrocarbon Aspheron Ridge.

Dragon Oil holds a 100% operatorship in the Cheleken Contract Area.



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