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Vol. VIII Issue. 36
Dragon Oil aims for 100k bopd in Turkmenistan

21 February 2012

February 21, 2012. Turkmenistan-focused Dragon Oil announced that it increased its revenues by 47 percent during 2011 to $1.15 billion, generating a profit that was 68 percent greater at $648 million. Dragon said its average gross daily rate of production rose 30 percent to 61,500 barrels of oil per day (bopd). The firm's exit production rate for 2011 exceeded its target, reaching 71,751 bopd (2010: 57,013 bopd). Dragon said that it has set a 100,000 bopd production target top be reached in 2015 and maintained for a minimum of five years.

      
 
 
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