Middle East Economic Survey

VOL. L

No 12

19-Mar-2007

CASPIAN

Dragon Oil Reports Increased Production And Profits For 2006

Dragon Oil on 7 March released preliminary results for 2006 in which it reported an average gross production of 20,514 b/d of crude oil from the Cheleken Contract Area offshore Turkmenistan. This was a 6% production increase over 2005 gross production of 19,426 b/d. Net production to Dragon for 2006 was 15,115 b/d compared to 14,008 b/d in 2005. In January Dragon said...