ASHGABAT (Offshore Oil and Gas Magazine) – Dragon Oil has refitted the previously stacked Rig 40, which has since started drilling in the Turkmen sector of the Caspian Sea.

The rig has spudded the Dzheitune (Lam) 13/160 well, the first of four to be drilled from the Dzheitune (Lam) 13 platform in the Cheleken Contract Area. Dragon expects two wells and one side track to be completed by year-end, with the remaining two wells and another side track to be completed in 2012.

Dragon Oil plc is an independent international oil and gas exploration, development and production company. Its principal producing asset is the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan.

The Group’s headquarters are located in Dubai, United Arab Emirates. Emirates National Oil Company Limited (ENOC) L.L.C., a company ultimately owned by the Government of Dubai, owns approximately 51% of the Company’s ordinary share capital as at the end of April 2011. Dragon Oil is registered in Ireland with a primary listing on the Irish Stock Exchange and, since April 2010, has been designated as a premium listing on the London Stock Exchange.