Dragon Oil, headquartered in Dubai, UAE, is a 100% operator of the Cheleken Contract Area, offshore Turkmenistan, where it re-develops two oil and gas fields. The Group also has exploration assets in Tunisia, Iraq, Afghanistan, Egypt, Algeria and the Philippines.2014 Annual Report
For the Cheleken Contract Area we set a target of reaching 100,000 bopd of gross production at the end of 2015 and maintaining this level for a minimum of five years thereafter. In the meantime, we search for new opportunities in Africa, the Middle East and parts of Asia.
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In 2014, we grew average gross production in the Cheleken Contract Area by 6.8%, having completed 14 wells and commenced drilling in the Dzhygalybeg (Zhdanov) field. We reported oil discoveries in Iraq and won two exploration perimeters in Algeria.
2014 full-year results2014 full-year results announcement Presentation Webcast Transcript of the call/webcast
With a solid track record of delivering organic growth in production and reserves from our key asset, Dragon Oil is well positioned to pursue its diversification strategy and to return value to its shareholders through regular dividends.
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At Dragon Oil we have always believed that the best, and right, way to run our business is in a spirit of partnership. All sides should benefit, ranging from employees and shareholders to suppliers and our host communities.
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We offer high quality careers and opportunities for everyone, with a particular focus on our local employees. We are committed to personal growth and development through excellent training and challenging opportunities. We embrace diversity and foster a positive working culture.
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