Dragon Oil is an upstream international oil and gas company, owned by the government of Dubai through Emirates National Oil Company Limited (ENOC), with an established history and strong track record across the MENA and Caspian regions. Headquartered in Dubai, UAE, Dragon Oil leads the industry with cutting-edge technology and expertise in the exploration, development, and operation of oil and gas fields.
Over the past decade, Dragon Oil has evolved from a single asset oil and gas company in Turkmenistan to a global operator, having production and exploration assets in Iraq, Algeria, Egypt, and Afghanistan, and is deploying talent and technology to diversify its portfolio to achieve sustainable development and create value for its shareholders.
The key assets in our portfolio include the Cheleken fields offshore Turkmenistan which has successfully been developed since 2000, the recently acquired GUPCO asset in Egypt, and Block 9 in Iraq, containing a significant discovery.
Dragon Oil’s main producing asset is the Cheleken Block Offshore Turkmenistan comprised of two major fields (Lam and Zhdanov), as well as other prospective structures. The fields are located about 10 to 40 Km offshore from the Cheleken Peninsular in water depths between 10 to 30 metres.
Block 9 covers an area of 866 square kilometres and is in the Basra province, onshore Iraq. The block is held in partnership with Kuwait Energy Company (KOC) and Egyptian General Petroleum Corporation (EGPC). With the start of the early production scheme (EPS) in 2016 the plans to implement full-field development are underway.
In Egypt, the Gulf of Suez, Dragon Oil has 100 percent interest in nine producing concessions and two exploration blocks. Producing concessions have a large number of wells and a huge facility infrastructure that is operated by GUPCO, a 50:50 JV between Dragon Oil and EGPC. The exploration blocks are in shallow water, with the depth ranging from 10 to 40 metres.
Dragon Oil is committed to reduce global warming and minimise gas flaring in our operations.
Dragon Oil is currently producing 160,000 BOPD from the three assets and intends to achieve peak production of 300,000 BOEPD by 2026, which would entail the development of the existing assets and the acquisition of new opportunities.
Employees are Dragon Oil’s primary asset. With more than 2,500 employees across 40 nationalities in the company, Dragon Oil takes pride in its exceptional workforce diversity. The company is committed to nurturing the talent of our multinational workforce and especially of local employees in host countries. We recruit and retain the best-in-class professionals and run various programmes to develop the technical and soft skills of our employees. Dragon Oil’s academy programs provide recruitment opportunities for high school graduates and impart them on workplace training and skill development in order to embed the innovative work culture from the beginning.
In Dragon Oil, Emiratisation was given a priority at different levels to achieve the organisation's targets of Nationalisation. These efforts supported both the academic and career development of UAE Nationals.