Dragon Oil’s operations in Iraq have signed new cooperation agreements to expand oilfield services and support energy development across the country. The UAE-based company announced several memoranda of understanding with major contractors active in Iraq’s oil and gas sector. These moves confirm its long-term commitment to strengthening production capacity and building resilient partnerships.
Executives from Dragon Oil in Iraq met partners in Basra earlier this month to finalize the deals. They signed with China’s Anton Oilfield Services, a major service provider in drilling and field support. They also reached an agreement with Nohadh Al-Benaa for General Trading and Oilfield Contracting Services. Both accords aim to enhance technical expertise and improve infrastructure at producing blocks.
Moreover, the Iraqi team of Dragon Oil concluded an additional understanding with Sahool Al-Salam Oil Services, part of the Al-Amal Group. That pact covers engineering, procurement, and construction work while opening paths for investment in untapped reserves. Company representatives said these partnerships will accelerate development schedules and expand project pipelines.
Dragon Oil entered Iraq in 2013 through a production-sharing contract for Block 9 in Basra province. Since then, it has invested steadily in exploration and production, seeking to raise recovery rates at mature reservoirs. Officials say Iraq remains central to the firm’s regional growth strategy, alongside holdings in Turkmenistan and Egypt.
Industry analysts note that the new agreements reflect strong confidence in Iraq’s upstream potential. They argue joint ventures can improve field performance, create jobs, and attract capital to the country’s energy industry. Local suppliers also benefit as service contracts generate new opportunities for engineering and logistics companies.
The Iraqi government continues to encourage foreign investment in oil and gas to stabilize output and modernize facilities. Officials view international expertise as vital for meeting rising demand and funding upgrades in processing plants and pipelines. They expect collaboration with established operators, such as Dragon Oil’s Iraq operations, to boost efficiency across the southern fields.
Looking ahead, Dragon Oil in Iraq plans to evaluate additional reservoirs and expand drilling campaigns in Basra. Management expects the new alliances to shorten project timelines and support sustainable growth. By deepening ties with local and international partners, the company aims to secure a stronger role in Iraq’s energy future.
