Dragon Oil

  • Dragon Oil Eyes New Opportunities in Egypt, Iraq, Turkmenistan

    Dragon Oil Eyes New Opportunities in Egypt, Iraq, Turkmenistan

    Monday, 20th September 2021

    The board has put a strategy for Dragon Oil to increase production from 160,000 barrels per day currently to 300,000 b/d by 2026.

  • EOG Hosts First Female Empowerment Webinar

    EOG Hosts First Female Empowerment Webinar

    Wednesday, 31st March 2021

    In celebration of Women’s History Month and to recognize the remarkable milestones women had reached in the oil and gas industry, Egypt Oil & Gas (EOG) Committee hosted the first female empowerment webinar ‘She is Energy’ on Tuesday, March 30. The webinar was organized by EOG Newspaper, supported by the Ministry of Petroleum and Mineral Resources, and sponsored by Enap.

  • EOG Roundtable Highlights Brownfields Development Strategies 

    EOG Roundtable Highlights Brownfields Development Strategies 

    Sunday, 18th October 2020

    H.E. Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, asserted the importance of developing brownfields, referring to several revival strategies that were used in Egypt. The minister remarks came during Egypt Oil & Gas (EOG) Committee’s virtual roundtable titled ‘Increasing Investments in Egypt’s Brownfields Opportunities’ on Sunday, October 18.

  • Dragon Oil to Boost Investments in Egypt by $650 MM

    Dragon Oil to Boost Investments in Egypt by $650 MM

    Tuesday, 18th February 2020

    Dragon Oil is planning to increase its investments in Egypt through acquiring some operating assets in the Western Desert in the next five years.

  • Dragon Oil Celebrates Acquisition Amid Egypt’s Investment Climate

    Dragon Oil Celebrates Acquisition Amid Egypt’s Investment Climate

    Monday, 13th January 2020

    The Minister of the Petroleum and Mineral Resources, Tarek El Molla has witnessed the acquisition agreement ceremony of Dragon Company to the share of BP Company in a GUPCO concession costing $ 500 billion.

  • Dragon Oil Acquires BP’s Stake in GUPCO

    Dragon Oil Acquires BP’s Stake in GUPCO

    Monday, 21st October 2019

    Dragon Oil, the fully owned exploration and production (E&P) platform of Emirates National Oil Company (ENOC), announced that it has acquired the stake of BP at the Gulf of Suez Oil Company (GUPCO) after obtaining the approval from the Egyptian Ministry of Petroleum and Mineral Resources.

  • Dragon Oil Acquires BP’s Stake in GUPCO

    Dragon Oil Acquires BP’s Stake in GUPCO

    Monday, 3rd June 2019

    Dragon Oil has reached a full agreement with BP for the acquisition and the deal is expected to be completed after obtaining the Egyptian Ministry of Petroleum’s approval in H2 2019 following the necessary procedures.

  • GUPCO Deal to Add 70,000 b/d to Dragon Oil Portfolio: CEO

    GUPCO Deal to Add 70,000 b/d to Dragon Oil Portfolio: CEO

    Sunday, 2nd June 2019

    The $600 million transaction is a part of Dragon Oil's $13 billion expansion plans, of which $500 million are allocated for acquisition transactions in 2019.

  • BP Seeks Approval to Sell GUPCO’s Stake

    BP Seeks Approval to Sell GUPCO’s Stake

    Monday, 27th May 2019

    The Ministry of Petroleum will issue the approvals after Dragon Oil confirms its commitment to the new terms of agreement with BP in GUPCO's concessions.

  • BP to Sell Egyptian Stake to Dragon Oil

    BP to Sell Egyptian Stake to Dragon Oil

    Thursday, 23rd May 2019

    The transaction is set to take place in the coming weeks and would be the end of BP's 50 years journey in the Gulf of Suez Petroleum Company (GUPCO).