Dragon Oil have announced plans to increase investment and oil production at Al Faihaa in Basra. sothern Iraq.
As reported in Middle East Oil and Gas, Dragon Oil CEO Ali Al Jarwan revealed that oil production will increase at the block over the next year, with targets to achieve production of 100,000 barrels per day by 2025.
Dragon Oil is a privately held subsidiary of UAE's Emirates National Oil Company (ENOC), focusing on exploration, devlopment and production.
Source: Oil and Gas Middle East