Dragon Oil, headquartered in Dubai, UAE, is a 100% operator of the Cheleken Contract Area, offshore Turkmenistan, where it re-develops two oil fields. The Group also has exploration blocks in Tunisia and Iraq as part of the strategy to diversify our portfolio of assets.
Read about our 2012 results:2012 Annual Report and Accounts 2012 full-year results Analyst presentation
For the Cheleken Contract Area we set a target of reaching 100,000 bopd of gross production in 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.
Read about us:Our strategy Our business model Our people
We earned over US$1 billion in revenues for the second year in a row due to strong oil prices and solid production growth. Our cash generating abilities remained strong: we generated US$1bn from operations during the year.
Read about:2012 full-year results announcement Analyst presentation Webcast and conference call
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. We pay regular dividends and have undertaken a share buyback programme.
Read about:Our business model Key result areas
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.
Read about:Our CSR strategy Our community work Our people
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 working culture.
Read about:Training and development Careers Code of conduct