Dragon Oil, owned by the Government of Dubai, has reinforced its global expansion drive by signing a series of major agreements and Memorandums of Understanding (MoUs) at GOTECH 2025, positioning itself for stronger leadership in the international energy sector.
Key deals include a collaboration with Business Oil Africa to develop oil and gas assets in Gabon and a new concession agreement with Egypt’s EGPC for petroleum exploration and exploitation in the East El-Hamd Area. Dragon Oil also signed an MoU with Qorum to fast-track digital transformation and improve operational efficiency.
Furthering its commitment to innovation, the company partnered with Baker Hughes Corva and Exebenus to pilot artificial intelligence solutions for drilling management. It also agreed to collaborate with BGP to adopt advanced seismic survey technologies and AI applications, while a reconciliation agreement was signed with Turkish Petroleum Corporation (TPAO).
Commenting on the agreements, Dragon Oil CEO Ali Rashid Al Jarwan said the partnerships reflect the company’s strategic vision of smart expansion, investment in digital innovation, and solidifying its role as a trusted energy partner globally.
The move underlines Dragon Oil’s ongoing efforts to embrace technological advancements, enhance competitiveness, and drive sustainable growth in an increasingly dynamic global energy landscape.
News Source: Emirates News Agency
