United Arab Emirates
Dragon Oil, founded in 1999, is an upstream exploration, development, and production company specializing in the Oil and Gas industry. With headquarters in the United Arab Emirates, this company is a fully owned subsidiary of Dubai's ENOC L.L.C.
With a strong asset portfolio, Dragon Oil manages critical operations in the Middle East, Central Asia, and North Africa. A notable highlight is their 100% working interest in the Cheleken Contract area in the Caspian Sea, offshore Turkmenistan, marking over 25 years of collaboration with the local government.
The company further strengthens its regional presence with a 50:50 joint venture with EGPC in Egypt's Gulf of Suez. Additionally, their strategic involvement in Iraq's onshore Block 9 alongside KEC and EGPC underscores a commitment to expansion and resource development.
No recent investment rounds or external investors have been noted, positioning Dragon Oil as a potentially stable, government-backed entity in the energy sector.
