Dragon Oil plc is an independent
international oil and gas exploration, development and production business. It
is based in Dubaiand is listed on the Irish Stock Exchange. The
company was established as Oliver Prospecting & Mining Co. Limited in
Ireland by Dr. Oliver Conor Waldron in 1971.It changed its name to
Dragon Oil in 1993 and invested in the Cheleken oilfield.ENOC bought
a major stake in the company in 1998 and between 2002 and 2005 Dragon Oil
raised capital for exploration. Its principal producing asset is at Cheleken, in the
eastern section of the Caspian Sea, offshore from Turkmenistan. It is also involved in exploration
activities in Tunisia.
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