Dragon Oil | Egypt Oil & Gas - Part 3
GUPCO Deal to Add 70,000 b/d to Dragon Oil Portfolio: CEO
Dragon Oil Company’s acquisition of BP’s assets in the Gulf of Suez Petroleum Company (GUPCO) is set to add around 70,000 barrel per day (b/d) production to the company’s portfolio, Ali Al Jarwan, Dr...
BP Seeks Approval to Sell GUPCO’s Stake
BP submitted a request for the Ministry of Petroleum to receive its approval to sell the company’s stake in the Gulf of Suez Petroleum Company (GUPCO) to Dragon Oil Company, petroleum sources told Al Borsa Newsp...
BP to Sell Egyptian Stake to Dragon Oil
UK’s BP is close to selling its stake in an Egyptian oil and gas firm to Dragon Oil for over $600 million, industry and banking sources stated, according Reuters. The transaction is set to take place in the comi...
Dragon Oil to Acquire New Asset in Egypt
Dragon Oil will complete an acquisition in Egypt within the next three to four months, Ali Al Jarwan, the company’s CEO told Oil & Gas Middle East in an interview. Al Jarwan did not give details on the transaction... 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 told Reuters. Dragon Oil aims to boost its producti...
Oman’s Topez Secures $100M Contract
Topez Energy and Marine secured a contract to supply Dragon Oil Turkmenistan with six vessels, Oman Tribune reports. The contract is worth $100 million. Dragon Oil Turkmenistan will lease an emergency recovery-and-res...
Iraqi Boosted Oil Output by 5,600b/d
Kuwait Energy Plc announced that the company has brought Iraq’s Faihaa-2 well’s production online. The well is situated in the Block 9 concession, in Basra , in the country’s southern region, reporte...
