Our focus is on the development of our producing asset, gas monetisation opportunities and expansion into a multi-asset company.
Dragon Oil plc is an independent international oil and gas exploration, development and production company. Our principal producing asset is the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan. We have exploration blocks offshore Tunisia (the Bargou Exploration Permit), in Iraq (Block 9), Afghanistan (Sanduqli and Mazar-i-Sharif blocks), offshore the Philippines (Service Contract 63) in partnership with other companies and Block 19 in Egypt (100% interest).
The Group’s headquarters are in Dubai, United Arab Emirates. Emirates National Oil Company Limited (ENOC) L.L.C., a company ultimately owned by the Government of Dubai, owns approximately 54% of the Company’s ordinary share capital. Dragon Oil is registered in Ireland (Company Registration no: 35228) with a premium listing on the London Stock Exchange and a primary listing on the Irish Stock Exchange (Ticker: DGO).
The Group develops the hydrocarbon reserves in the Cheleken Contract Area in accordance with the terms of the Production Sharing Agreement (PSA), where Dragon Oil had proved and probable oil reserves as at 31 December 2013 of 675 million barrels of oil and condensate, gas 2P reserves and contingent gas resources of c. 2.7 TCF. The Bargou Exploration Permit contains prospective resources, while Block 9, Sanduqli and Mazar-i-Sharif blocks, Service Contract 63 and Block 19 are at an early stage of exploration.