Dragon Edges Up Output
UAE independent Dragon Oil produced 73,600 b/d in the first half of 2013, up 15% on 1H12 but level with end-2012 numbers.
Five successful first-half wells boosted production to 75,800 b/d for June. However, it remains to be seen if this is sustainable: the company’s development wells have typically provided sizable but relatively short-lived boosts. For 2013 Dragon has cut drilling plans to 12 wells, rather than the earlier...