Dragon Oil

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Type Public Limited Company
Traded as ISE:RDSALSE:DGO
Founded 1971[1]
Headquarters Dubai (UAE)
Key People Mohammed Abdullah Ahmed Al Ghurair (Chairman), Abdul-Jaleel Al-Khalifa (CEO)[2]
Products oil and gas exploration, development and production.
Website www.dragonoil.com

Snapshot

Dragon Oil was established in 1971 as Oliver Prospecting % Mining Co. Limited, incorporated and registered in Ireland, and in 1993 changed its name to Dragon Oil plc. It has a primary listing on the Irish Stock Exchange and since the 6 April 2010 is also listed on the London Stock Exchange. Its corporate headquarters are in Dubai.[3] In 1999 the Emirates National Oil Company (ENOC) became the major shareholder when it acquired 69.4% of shares, and in the same year the head office was moved to Dubai.[4]

Dragon's principal producing asset is in the Cheleken contract area in offshore Turkmenistan. It also has operations in offshore Tunisia, Iraq[5] and in December 2012 was part of a winning consortium for a bid to develop two blocks in Afghanistan.[6] As of the 31 December 2011 the company had proved and probable reserves of 65.8 million barrels of oil and condensate, 1.5 trillion cubic feet of gas reserves and 1.4 trillion cubic feet of gas resources.[7]

Global Operations by Country

Iraq

Main article: Dragon Oil Operations in Iraq

References

  1. "Dragon Oil At A Glance" Dragon Oil, retrieved 5 December 2012.
  2. "Dragon Oil plc" Bloomberg, retrieved 5 December 2012.
  3. "Dragon Oil At A Glance" Dragon Oil, retrieved 5 December 2012.
  4. "Company Overview: Dragon Oil" Rigzone, retrieved 5 December 2012.
  5. "Dragon Oil At A Glance" Dragon Oil, retrieved 5 December 2012.
  6. "Dragon Oil consortium wins two blocks in Afghan tender" Proactive Investors, 5 December 2012.
  7. "Dragon Oil At A Glance" Dragon Oil, retrieved 5 December 2012.