About Us

Dragon Oil plc is an independent oil development and production company, registered in Ireland [Company Registration no: 35228] and listed under a dual primary listing on the London and Irish Stock Exchanges. Approximately 52% of the Company’s equity is held by the Emirates National Oil Company (ENOC) L.L.C. (“ENOC”), a company owned by the Government of Dubai.

Dragon Oil is headquartered in Dubai and its principal development and production activity is the development of its asset in the Cheleken Contract Area, offshore Turkmenistan by a Group subsidiary, Dragon Oil (Turkmenistan) Limited. A production sharing agreement (the “PSA”) was signed with a state agency of the Government of Turkmenistan in November 1999 and became effective in May 2000 . The PSA has a 25-year term, which expires in May 2025 with an exclusive right on the part of Dragon Oil (Turkmenistan) Limited to negotiate an extension for a further period of not less than 10 years.

Dragon Oil had proved and probable oil reserves at 30 June 2008 of 645 million barrels and 3.2 trillion cuft of gas resources.