Key Developments

The Human Resources team has been working to provide Dragon Oil with sufficient manpower to not only manage current growth effectively but to also drive the business forward. Overall staff capacity increased across the Group by 15% over the course of the year bringing the total number of staff to 878 as of 31st December 2007. Dragon Oil has focused on developing the employee numbers in line with its target to deliver 40,000 bopd by 2008. This is highlighted by an increase in production employees and construction staff of 31% and 16% respectively.

Another notable development is the expansion of a New Business Ventures team which has been put in place purely to seek out and manage (and possibly operate) exploration and development projects. In addition, we recently hired an Investor Relations specialist to help Dragon Oil communicate more effectively with its investors and the wider financial community.