Dragon Oil to bid for Afghan oil, gas deals

oil afghan-mono bustos sxc.huDubai-based Dragon Oil will bid for Afghanistan gas, oil deals. (Image source: dragonoil.com) Dragon Oil, 51 per cent controlled by Dubai’s Emirates National Oil Company Limited (ENOC), has made a bid for oil rights in Afghanistan

Afghanistan’s ministry of mines has qualified eight companies, including ExxonMobil and Kuwait Energy, to bid in its second-ever oil auction.

The ministry has put six oil blocks up for tender in the Afghan-Tajik basin in northern Afghanistan, near the city of Mazari-Sharif.

The oil and gas exploration, development and production company's filing will give it access to historical seismic and well log data.

Until recently, Dragon Oil had operated only in Yemen and Turkmenistan's portion of the Caspian Sea. Last year, Dragon Oil expanded its range of operations, with an offshore block in Tunisia.

The company’s holds a 100 per cent stake in the Cheleken Contract Area in Turkmenistan, and is aiming for a 15 per cent production increase in 2012 to around 70,000 barrels a day.

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