Dragon Oil publishes the results of successful completion and initial testing for the Dzheitune (Lam) A/177 development well.

The Dzheitune (Lam) A/177 well was completed as a single producer to a depth of 3,085 metres. The well tested at an initial production rate of 1,796 barrels of oil per day. The jack-up rig that has competed this well is currently undergoing scheduled maintenance.

Dr Abdul Jaleel Al Khalifa, CEO, commented,"I am pleased to report the successful completion and testing of the Dzheitune (Lam) A/177 development well. With this well we conclude an intensive drilling programme for this year, having completed 15 wells against the initial target of between 13 and 15 wells set at the beginning of the year.

"We have been producing at well above 70,000 bopd since mid-August and we firmly re-iterate our production growth guidance of 10% for 2012. The final production numbers will be reported in the Trading Statement due on 15 January 2013."

Tags: Dragon Oil Plc