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Dragon Oil plc operates as an independent oil and gas exploration, development, and production company. Its principal producing asset is the Cheleken Contract Area covering approximately 950 square kilometers and comprises 2 offshore oil and gas fields in the eastern section of the Caspian Sea, offshore Turkmenistan. As of December 31, 2014, the company had 663 million barrels of proved and probable oil and condensate 2P reserves, 93 million barrels of oil and condensate contingent resources, 1.3 trillion cubic feet of 2P gas reserves, and 1.3 trillion cubic feet of contingent gas resources in the Cheleken Contract Area. It also has exploration assets in Tunisia, Iraq, Algeria, Afghanistan, Egypt, and the Philippines. The company was formerly known as Oliver Prospecting & Mining Co., Ltd. and changed its name to Dragon Oil plc in 1993. Dragon Oil plc was incorporated in 1971 and is headquartered in Dubai, the United Arab Emirates. Dragon Oil plc operates as a subsidiary of Emirates National Oil Company Ltd (ENOC) L.L.C.
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