Dragon Oil: Cheleken Production Up 23% yoy
Dragon Oil plc, an international oil and gas exploration, development and production company, today publishes an update on the drilling activity in the Cheleken Contract Area, Turkmenistan, and production numbers for 1Q and March 2015.
- Average gross production of approximately 88,700 barrels of oil per day (bopd) in 1Q 2015, a 23% increase over the corresponding 2014 level;
- Average gross production of approximately 89,600 bopd in March 2015;
- Average gross production since the beginning of April of just above 93,000 bopd.
Turkmenistan
Since the previous quarterly drilling update published on 14 January 2015, Dragon Oil has completed and tested the following wells in the Dzheitune (Lam) field:
| Well | Rig | Completion date | Depth (metres) | Type | Initial test rate (bopd) |
| Lam 22/194 | Land Rig 1 | December | 3,252 | Development | Pending jet pump application |
| Lam 28/197 | Elima | December | 1,943 | Development | 1,600 |
| Lam C/198 | Neptune | January | 2,540 | Development | 1,796 |
| Lam 13/199 | Elima | February | 2,021 | Development | 1,952 |
| Lam 13/200 | Elima | March | 2,100 | Development | 2,001 |
| Lam C/201 | Neptune | April | 2,799 | Development | 1,944 |
| Zhd A/102 | Land Rig 2 | In progress | 3,745 | Appraisal | Being sidetracked |
The Neptune rig is currently sidetracking the Dzheitune (Lam) C/184 well. The Elima jack-up rig is drilling the Dzheitune (Lam) B/202 well. Land Rig 2 is currently sidetracking the Dzhygalybeg (Zhdanov) A/102 well following an equipment failure in the well.
The Caspian Driller is expected to commence operations later in 2Q 2015.
Production
The average gross field production in the Cheleken Contract Area for 1Q 2015 was approximately 88,700 bopd (1Q 2014: 72,300 bopd), representing an increase of 23% over the corresponding period in 2014. The average production was approximately 89,600 bopd (March 2014: 73,400 bopd) for March 2015 and has increased to just above 93,000 bopd since the beginning of April. In 1Q 2015, Dragon Oil performed a number of additional perforations in the existing wells and at the end of the first quarter we commissioned an additional infield pipeline from the Dzheitune (Lam) B platform to Block 1 improving the throughput capacity of the Dzheitune (Lam) West area.
