skip to main content

Dragon Oil reports a 10% increase in production

Dragon Oil has reported a 10% increase in daily production in a trading statement.

The statement, issued to the Irish Stock Exchange, covers the first half of 2012.

The company reports a 76% increase in profit in 2011, and a 30% increase in production.

The increase in production was due largely to its Turkmenistan oil field.

The Dubai headquartered company also reported a healthy cash balance of $1.7m and a spend of $208m on capital projects.