No 20



Dragon Oil Reports Output Of 10,400 B/D From Cheleken Block During 2002

In its preliminary announcement of its 2002 results, Dragon Oil reported an average gross production of 10,383 b/d from its offshore Turkmenistan Cheleken Contract Area, compared with 6,730 b/d in 2001. Of the 2002 production, 5,778 b/d was allocated to Dragon, exported via Iran through a swap arrangement and through the western Caspian Sea ports of Baku and Makhachkala. Under its swap...