Website www.dragonoil.com Net income 600 million USD (2012) | Industry Oil Revenue 1.155 billion USD (2012) Founded 1971 | |
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Key people Mohammed Al Ghurair(Chairman)Abdul Jaleel Al Khalifa (CEO) Operating income CEO Saif Humaid Al Falasi (5 Jan 2017–) Subsidiaries Dragon Oil (Turkmenistan) Ltd., D&M Drilling Ltd, Dragon Resources (Holdings) Plc | ||
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.
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Bid to buy dragon oil too low lex
History
The company was established as Oliver Prospecting & Mining Co. Limited in Ireland by Dr. Oliver Conor Waldron in 1971. It changed its name to Dragon Oil in 1993 and invested in the Cheleken oilfield. 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. 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.
Operations
Its principal producing asset is at Cheleken, in the eastern section of the Caspian Sea, offshore from Turkmenistan. It is also involved in exploration activities in Tunisia.