Dragon Oil
 | |
| Public limited company | |
| Industry | Oil |
| Founded | 1971 |
| Headquarters | Dubai |
Key people |
Mohammed Al Ghurair(Chairman) Abdul Jaleel Al Khalifa (CEO) |
| Revenue | US$1.155 billion (2012)[1] |
| US$790.9 million (2012)[1] | |
| US$600.0 million (2012)[1] | |
| Website | www.dragonoil.com |
Dragon Oil plc is an independent international oil and gas exploration, development and production business. It is based in Dubai and was listed on the Irish Stock Exchange until it was acquired by the Emirates National Oil Company.
History
The company was established as Oliver Prospecting & Mining Co. Limited in Ireland by Dr. Oliver Conor Waldron in 1971.[2] It changed its name to Dragon Oil in 1993 and invested in the Cheleken oilfield.[2] The Emirates National Oil Company bought a major stake in the company in 1998 and between 2002 and 2005 Dragon Oil raised capital for exploration.[2] In June 2015 the Emirates National Oil Company acquired the remaining 46% of Dragon Oil for £3.7 billion, becoming the sole owner of Dragon Oil.[3]
Operations
Its principal producing asset is at Cheleken, in the eastern section of the Caspian Sea, offshore from Turkmenistan.[4] It is also involved in exploration activities in Tunisia.[5]
References
- 1 2 3 Preliminary Results 2012
- 1 2 3 Dragon Oil: History
- ↑ "Dragon Oil shares are on fire after Emirates National Oil Company's bid success". Evening Standard. 15 June 2015. Retrieved 7 January 2015.
- ↑ Dragon Oil of Dubai is breathing fire The National, 24 January 2012
- ↑ Dubai-linked Dragon Oil to drill in Tunisia The National, 12 October 2011