Dragon Oil boosts Turkmen oil export
Dragon Oil, which carries out the major part of its work in the Turkmen sector of the Caspian Sea, sold 10.2 million barrels of crude oil in H1 of 2015, compared to 5.9 million barrels in H1 of 2014, the message from the company said.
Dragon Oil exported 87 percent of its crude oil production through Baku, Azerbaijan with the balance of volumes exported through Makhachkala in Russia, according to the message.
The gross field production averaged 92.06 barrels per day in H1 of 2015, compared to 73.44 barrels in the same period of 2014.
The baseline production sharing agreement (PSA) with the government of Turkmenistan was signed in 1999.
Dragon Oil plc is an independent international oil and gas exploration, development and production company. Its principal producing asset is the Cheleken contract area in the eastern section of the Caspian Sea, offshore Turkmenistan.
The Group’s headquarters are in Dubai, United Arab Emirates. Dragon Oil is registered in Ireland with a premium listing on the London Stock Exchange and a primary listing on the Irish Stock Exchange.
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