Dragon Oil History

Dragon Oil History

About Dragon Oil | History | Project | Projects Infrastructure | Contacts

Dragon Oil plc’s principal development and production interest is located in the Cheleken Contract Area in the Caspian Sea, offshore Turkmenistan. The Cheleken Contract Area covers approximately 950 square kilometres (235,000 acres) and comprises two offshore oil and gas fields, Dzheitun ("LAM") and Dzhygalybeg ("Zhdanov"), in water depths of between 8 and 42 metres.

The operational focus for the Dragon Oil group is on the re-development of these two producing fields that were discovered during the Soviet era in Turkmenistan. Dragon Oil holds a 100% interest in, and is operator of, the Production Sharing Agreement (“PSA”) for the Cheleken Contract Area. Development in the Cheleken Contract Area under the PSA commenced in May 2000.

There are currently 42 wells producing from 10 platforms. Dragon Oil currently produces around 33,000 bopd from the Cheleken Contract Area. Forecast production levels are expected to increase substantially under the re-development plan resulting in an enhanced economic value for Dragon Oil.