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Dragon Oil
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Dragon Oil plc is an independent oil and gas exploration and production company whose shares are traded under a dual primary listing on the Stock Exchanges in London and Dublin. In 1999, the Emirates National Oil Company (ENOC) became the major shareholder in Dragon, when it acquired 69.4% of the shares. The Company’s principal interests are located in the Cheleken Contract Area (previously Block II) in the Caspian Sea, offshore Turkmenistan. Dragon currently produces around 8,000 bpd from two fields in the Cheleken Contract Area. However this will be significantly increased under the proposed re-development plan, which ultimately could achieve production of 80,000 bpd, materially enhancing the economic value of Dragon’s interest.
Longer term, the Company's strategy will be to invest in oil and gas projects in the Middle East and Caspian region. In July 1999, the Company’s head office was transferred to Dubai, U.A.E. In view of the prolific oil and gas reserves base of the region and its growing energy demand, Dragon is strategically located in Dubai to capitalize on opportunities which arise in the future. To enable this the Company has recruited an experienced technical and commercial team to manage and develop the business. |
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Recent Articles
Dragon Oil Updates Ops at Lam Well
Wednesday, April 03, 2013 Dragon Oil publishes a quarterly update on the wells it has completed and tested in the first quarter of 2013.
Iraqi Block 9 Service Contract Signed
Monday, January 28, 2013 Consortium involving Dragon Oil and Kuwait Energy signs service contract with Iraqi oil ministry for Iraqi Exploration Block 9.
Dragon Boosted Production by 10% in 2012
Tuesday, January 15, 2013 Dragon reports that it boosted its average oil production from its Turkmenistan field by 10 percent to 67,600 barrels of oil per day in 2012.
Iraqi Cabinet Approves Exploration Deal with Kuwait Energy
Wednesday, January 09, 2013 Iraq's cabinet has approved a deal with a Kuwait Energy-led group to explore for gas and oil at an exploration block in southern Iraq, an Iraqi cabinet spokesman said.
Dragon Oil Updates Lam Ops
Friday, November 09, 2012 Dragon Oil plc publishes the results of successful completion and initial testing for the Dzheitune (Lam) A/176 development well.
Dragon Oil Posts Initial Test Rates for Lam Well
Thursday, September 20, 2012 Dragon Oil publishes the results of successful completion and initial testing for the Dzheitune (Lam) C/175 development well.
Dragon Oil Plans Three More Wells in 2012
Tuesday, July 24, 2012 First half production up 10.7%, while sand ingress problem is being dealt with, reports Turkmenistan-focused Dragon Oil.
Dragon Oil Notes Completion, Testing Results for Lam Well
Wednesday, July 18, 2012 Dragon Oil publishes the results of successful completion and initial testing for the Dzheitune (Lam) 28/174 development well and sidetrack of the Dzheitune (Lam) 13/144C.
Cooper Secures Drilling Rig For Hammamet West-3 Well Offshore Tunisia
Monday, July 16, 2012 Cooper Energy secures a drilling rig from Romanian Grup Servicii Petroliere for its offshore Hammamet West-3 well in Tunisia.
Thursday, July 05, 2012 Seven energy companies have joined ExxonMobil in expressing interest to bid for the right to explore for O&G in Afghanistan, according to that country's Ministry of Mines.
Dragon Oil Posts Test Results for Lam Well
Wednesday, June 06, 2012 Dragon Oil publishes the results of completion and initial testing for three development wells and an updated rate for the 28/169 well in the Dzheitune (Lam) field.
Thursday, May 31, 2012 Iraq plans a further O&G licensing auction after its fourth round held this week resulted in just 3 of 12 blocks being awarded.
Dragon Oil Updates Activities at Lam Well
Wednesday, May 16, 2012 Dragon Oil publishes an update on the successful completion and initial testing of the Dzheitune (Lam) 28/169 development well and on the Group's recent production performance.
Newbuild Jackups Set to Sail
Monday, April 30, 2012 Advanced shallow water drilling activity is forecast to rise, which demands more sophisticated jackups.
Dragon Oil Wraps Up Initial Testing Ops at Lam Well
Monday, March 19, 2012 Dragon Oil plc announced the successful completion and initial testing of the Dzheitune (Lam) C/167 development well.
Dragon Oil Completes Initial Testing at Lam Well
Monday, February 27, 2012 Dragon Oil plc announced the successful completion and initial testing of the Dzheitune (Lam) 28/166 development well.
Dragon Oil Aims for 100,000 Bopd in Turkmenistan
Tuesday, February 21, 2012 Dragon boosts its revenues by 47 percent during 2011 thanks to a 30-percent increase in its oil production rate.
Dragon Oil Tests 1,584 boepd at Lam Well
Thursday, January 19, 2012 Dragon Oil plc announced the successful testing of the Dzheitune (Lam) 13/163 development well.
Dragon Oil Finishes Initital Testing at Turkmen Well
Friday, November 18, 2011 Dragon Oil announced the completion and initial testing of the Dzheitune (Lam) A/162 development well.
Dragon Oil Sets Production Target for Cheleken Contract
Monday, October 24, 2011 Dragon Oil expects to reach a production target of 100,000 barrels of oil per day ("bopd") in 2015 at the Cheleken Contract Area.
