Oil and gas explorer Dragon Oil has completed and tested the Dzheitune (Lam) B/150 development well in Turkmenistan.

The Dzheitune (Lam) B/150 was drilled to a depth of 3,980m and completed as a dual producer by the Iran Khazar rig.

The combined initial test rate was 1,622 barrels of oil per day (bopd) with the short and long strings testing at 632bopd and 990bopd, respectively.

The Iran Khazar rig has skidded to the next slot and spudded the Dzheitune (Lam) B/153 well.

Dragon Oil CEO Dr Abdul Jaleel Al Khalifa said that he is pleased to report that the company has now fulfilled the 2010 drilling program with the last of the 11 planned wells put into production in the first week of January this year.

"We have also met another significant objective for 2010 having completed and commissioned important new pipeline and processing infrastructure," Al Khalifa said.