Dragon Oil to Boost Investments in Egypt by $650 MM
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 | Egypt Oil & Gas - Part 2
Dragon Oil Celebrates Acquisition Amid Egypt’s Investment Climate
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, 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 ...
Dragon Oil Acquires BP’s Stake in GUPCO
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 procedu ...
GUPCO Deal to Add 70,000 b/d to Dragon Oil Portfolio: CEO
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
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
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).
Dragon Oil to Acquire New Asset in Egypt
The newly acquired asset will add around 70,000 barrels per day (b/d) to the company’s production as it has the potential to produce 100,000 b/d.
UAE’s Dragon Oil Looking to Spend $500M in Acquisitions in 2019
The upstream investment arm of Dubai state-owned ENOC, Dragon Oil, plans to invest $500 million in oil and gas assets next year, chief executive Ali Rashid al-Jarwan said.
