2011 Annual Report

The development of the Cheleken Contract Area has reached a strong maturity phase: 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 while we undertake a pilot water injection project to assess potential for higher production.

2011 Annual Report

16 Mar 2012

The development of the Cheleken Contract Area has reached a strong maturity phase: 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 while we undertake a pilot water injection project to assess potential for higher production. In the meantime, we continue to search for new opportunities where we can deploy our technical and operational expertise in key regions of interest, including Africa, Central Asia, the Middle East and selectively south-east Asia. Last year’s farm‑in agreement for an exploration offshore block in Tunisia and the recent appointment of an Exploration Manager to develop the Group’s exploration capabilities will help us transform Dragon Oil into an integrated exploration and production company.

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