UAE’s Dragon Oil has struck oil off the Cheleken peninsula in the Turkmen sector of the Caspian Sea after a new appraisal well it drilled yielded 9,464 barrels/day of crude. Dragon Oil signed its contract for exploration and development on a production sharing basis in 1997, said local news reports. It is the fifth well…
TURKMENISTAN: Dragon Oil makes find near Caspian Sea
Posted on January 30, 2003 by EnergyAsia