Dragon Oil, a fully owned entity of Dubai government, has signed a series of strategic agreements and MoUs with leading global players including Baker Hughes, Egyptian and Turkish Petroleum as part of its global expansion strategy.
These deals, inked at the GOTECH 2025 expo in Dubai, were aimed at reaffirming the group's commitment to global expansion and strengthening its position in the energy sector.
The signed agreements include:
•Collaboration with Business Oil Africa to develop oil and gas assets in Gabon.
•Award of a new concession agreement with the Egyptian General Petroleum Corporation (EGPC) for petroleum exploration and exploitation in the East El-Hamd Area.
•A Memorandum of Understanding with Qorum to accelerate digital transformation and enhance operational efficiency.
•Partnership with Baker Hughes Corva and Exebenus to pilot Artificial Intelligence (AI) solutions in drilling operations management.
•Collaboration with BGP to leverage cutting-edge seismic survey technologies and AI applications.
•A reconciliation agreement with Turkish Petroleum Corporation (TPAO).
Speaking on the occasion, CEO Ali Rashid Al Jarwan said: "The signing of these agreements reflects our strategic vision for smart expansion, investment in digital innovation, and solidifying our position as a trusted partner in the global energy sector."
"We are committed to building strong partnerships that drive sustainable growth and support future transformations," stated Al Jarwan.
These partnerships reflect Dragon Oil’s ongoing commitment to adopting the latest technological innovations, enhancing its competitive capabilities, and achieving sustainable growth in an evolving global energy landscape, he added.-TradeArabia News Service