Dubai-based oil exploration firm Dragon says it has seen average daily production rise by 15% in the first half of the year.
The company, which operates in Asia and the Middle East, said production had hit 73,600 barrels of oil per day in the first six months of 2013, against an average of 64,200 in the same period last year.
The company completed six wells at its main Turkmenistan interest, including one sidetrack, during the first half of the year, while drilling is currently ongoing at the Bargou Exploration permit off the Tunisian coast.
“I am pleased to report solid production performance in the first half of this year,” said chief executive Dr Abdul Jaleel Al Khalifa.
“With six wells completed, including one sidetrack, and stable performance from the existing wells, we have achieved a 15% growth in average gross field production compared with the corresponding period last year. We re-iterate our 2013 production growth target at the lower end of the medium-term guidance of 10-15%.”
The report, ahead of the interim financial results due next month, notes the company is looking to put 12 wells into production in total this year, including two sidetracks.
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