UAE/CASPIAN

Dragon Oil Generates Record 2011 Revenues, Ups Production By 30%

Dubai-based Dragon Oil has announced record revenue figures for the 2011 calendar year, during which its crude oil production increased by 30% relative to 2010. The exploration and production company ramped up its production to an average of 61,500 b/d in 2011, after reaching its year-end target of 70,000 b/d by mid-December (MEES, 31 October 2011). This expansion came as the company brought 13 new development...