Turkmenistan

July 18, 2006
Production from the Cheleken Contract Area in the Caspian Sea, currently more than 22,000 b/d, is planned for a large increase by the end of 2006, said Dragon Oil PLC, London,

By OGJ editors

HOUSTON, July 17 -- Production from the Cheleken Contract Area in the Caspian Sea, currently more than 22,000 b/d, is planned for a large increase by the end of 2006, said Dragon Oil PLC, London,

It placed the LAM 10/114 well on production at 1,700 b/d of oil from reservoir Zones 3, 4, 5, and 6.

Dragon drilled the well to TD 4,700 m to develop shallow hydrocarbons in Zones 3 to 9 and evaluate the potential of deep reservoir Zones 11 and 12. It found hydrocarbons in Zones 3, 4, 5, 6, 7, and 9, but did not find commercial quantities in Zones 11 or 12.

The Iran Khazar jack-up will drill the LAM 10/115 well to 3,700-4,300 m, and the Astra jack-up will spud a well in September 2006 from the LAM 13 platform.