VOL. XLIV

No 32

6-August-2001

CASPIAN

Dragon Reports First Well In Cheleken Block Successful

Dubai-based Dragon Oil announcedon 30 July that its first well (Lam 22-101) in the Cheleken Contract Area offshoreTurkmenistan has been successfully completed and that the well will beproducing soon 1,750 b/d of condensate and 18mn cu ft/day of natural gas. Thecompany said that the well proves that hydrocarbon reserves are present in thefield, adding that it intends to spud its second test well in coming...