Operations
Dragon Oils headquarters is in Dubai, UAE with all of the senior management based on site. Further offices are located in Mazar-i-Sharif, Afghanistan, Cairo, Egypt and Algiers, Algeria.[32]
Its principal producing asset is at Cheleken, in the eastern section of the Caspian Sea, offshore from Turkmenistan.[33] It is also involved in exploration activities in Tunisia.[34] The field is operated from the onshore base near the town of Hazar, Turkmenistan.[35]
In 2009 to 2010, Dragon Oil reached a production level of 50,000 oilbbl of oil per day from Chekelen and from 2011-2014, between 60,000 to 70,000 oilbbl of oil per day overall production capacity. The field holds an estimated 663 e6oilbbl of oil and condensates, and 1.3 e9ft3 of gas reserves. The company produced an average of 61,500 oilbbl of oil per day in 2011, 76,600 in 2012, 73,750 in 2013 and 44,000 in 2014. By 2015, Dragon aimed to reach 100,000 oilbbl per day, by adding around 30,000 to 50,000 oilbbl of oil per day in production capacity through M&A's. Production from Cheleken reached 100,000 oilbbl of oil per day in June 2015.[8][18][36][37]
It is also involved in exploration activities in Afghanistan (Sanduqli and Mazar-i-Sharif blocks),[38][39] Algeria (Tinrhert Nord Perimeter and Msari Akabli Perimeter),[40][41] Egypt (East Zeit Bay), Iraq (Block 9)[42] and Tunisia (the Bargou Exploration Permit). The legal process behind the Tunisian contracts has been questioned by Tunisian corruption watchdog I WATCH.[43]
Past operations also include the Philippines, where Dragon Oil explored in the offshore Palawan Basin under agreement SC 63 until November 2015.[9][44][45]
