Steep rise in production at Dragon Oil

Caspian Sea-focused oil and gas giant Dragon Oil said it confident of delivering 15 per cent output growth in 2012 and has brought five new wells into production since the start of the year.

Caspian Sea-focused oil and gas giant Dragon Oil said it confident of delivering 15 per cent output growth in 2012 and has brought five new wells into production since the start of the year.

The group said the average daily production rate during the first quarter was 70,600 barrels a day and is on course to reach its medium-term target of 100,000 in 2015.

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