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Dragon Oil downgrades 2013 production growth

Dragon Oil drilled fewer wells this year
Dragon Oil drilled fewer wells this year

Turkmenistan-focused oil company Dragon Oil today downgraded slightly its outlook for production growth this year to between 9-10% from its previous guidance of the lower end of 10-15%.

The company said that production growth this year would be lower as a result of it having drilled fewer wells.

Dragon Oil added that it remained on track to grow production between 10-15% in 2014 and 2015.