Abdul Jaleel Al-Khalifa
,CEO,Dragon Oil
SHARE
Eleven years ago, Dragon Oil inherited an under-developed oil concession in the Caspian and never looked back. In 2000, the company acquired a 100% working interest in the Cheleken Contract Area (CCA) off the coast of Turkmenistan.
Dragon Oil which is headquartered with and majority-owned by the government of Dubai via state energy firm ENOC, recorded oil strike after strike to increase production at the CCA tenfold from 7,000 barrels per day (bpd) in 2000 to 60,000-plus bpd in 2011.
Al-Khalifa is now eyeing international expansion with the $1.3 billion cash pile it has accumulated, and has qualified for the fourth bidding round in Iraq.
