8th Oct 2013 11:50
LONDON (Alliance News) - Dragon Oil PLC Tuesday said it has signed contracts for two oil and gas blocks in Afghanistan.
The international oil and gas exploration, development and production company said Afghanistan's Ministry of Mines and Petroleum of Afghanistan signed contracts giving Dragon Oil a 40% stake in the Sanduqli and Mazar-i-Sharif wells.
The company said that under the contract, where Turkiye Petrolleri A.O own 40% and Ghazanfar Group own 20%, Dragon Oil will be the operator of the Sanduqli block, while the Mazar-i-Sharif block would be operated by Turkiye Petrolleri.
Dragon Oil shares were flat at 588.50 pence on Tuesday.
By Tom McIvor; [email protected];
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