By John Lee. In its Interim Management Statement on Tuesday, Dragon Oil gave the following update on its Iraqi operations: "On 10 September 2014, the consortium comprised of Kuwait Energy (70% and operator) and Dragon Oil (30%) reported its first oil discovery at Block 9, Iraq. "The successful discovery was at the consortium's first target, […]
By John Lee. In its Drilling and Production Update issued today (Friday), Dragon Oil has said that it plans more detailed testing at its Mishrif site: "On 10 September 2014, the consortium comprised of Kuwait Energy (70% and operator) and Dragon Oil (30%) reported its first oil discovery at Block 9, Iraq. "The successful discovery […]
By John Lee. Shares in Irish-based Petroceltic International have risen more than 20 percent on Monday following the announcement of that the company is in detailed discussions regarding a possible offer to be made by Dragon Oil. With the support of the Board and management team of Petroceltic, Dragon Oil has completed an extensive confirmatory […]
By John Lee. Shares in Dragon Oil closed up 0.2 percent on Wednesday following the discovery of oil at Block 9. Kuwait Energy, Dragon Oil's partner in Block 9, issued the following update on the exploration well, Faihaa-1, being drilled in the block: Kuwait Energy announces that the consortium comprised of Kuwait Energy (70% and […]
By John Lee. In its interim financial and operational results for the period ended 30th June 2014, Dragon Oil gave the following update on its operations in Iraq: In Iraq, the consortium of Dragon Oil (30%) and Kuwait Energy Corporation (70% and operator) is drilling an exploration well. The well is targeting two prospective reservoirs, […]
By John Lee. In a Trading Statement on Tuesday, Dragon Oil gave the following update on its operations in Iraq: In Iraq, the consortium of Dragon Oil (30%) and Kuwait Energy Corporation (70% and operator) is drilling an exploration well. The well is targeting two prospective reservoirs, which, in case of a discovery, are expected […]
By John Lee. Dubai's Dragon Oil reports that it has spudded an exploration well using a drilling rig from the Iraqi Drilling Company. The well is targeting two prospective reservoirs, and testing is expected to take place in 2H 2014. The consortium consists of Dragon Oil (30 percent) and Kuwait Energy Corporation (70 percent and […]
As part of its trading statement and operational update this morning, Dragon Oil made the following statement on its operations in Iraq: The consortium (Kuwait Energy 70% and operator and Dragon Oil 30%) has secured a drilling rig from the Iraqi Drilling Company (IDC) to spud an exploration well in 1Q 2014. The work commitment […]
By John Lee. Kuwait Energy and Dragon Oil have secured a rig from the Iraqi Drilling Company (IDC) to spud an exploratory well at Block 9 in Basra Province by the end of the year. In parallel, the consortium has selected a provider for Environmental Impact Assessment, Environment Base Line Survey and contractors to perform de-mining […]
By John Lee. In an interview with Reuters, the chief executive of Kuwait Energy says the company is committed to pumping gas and finding oil in southern Iraq, and will not risk aggravating Baghdad by pursuing deals in Iraqi Kurdistan. Sara Akbar (pictured) said strong ties with Baghdad are core to its strategic investment in southern […]
By John Lee. In its interim results for the period ended 30th June 2012, Dragon Oil today issued the following update on its business in Iraq: A consortium of companies, comprising Dragon Oil (30%), the Turkish Petroleum Corporation (TPAO) (30%) and Kuwait Energy (40% and operator), has been awarded an exploration, development and production service […]
By John Lee. Iraq signed the gas exploration contract with Pakistan Petroleum Ltd. (PPL) on Sunday for gas Block 8, which lies in the Diyala and Wassit provinces in the East of the country. Meanwhile on Monday, a consortium led by Kuwait Energy signed the contract for oil Block 9, having bid fee of $6.24 […]
