Dubai: Dragon Oil, fully owned by the Government of Dubai, successfully concluded its participation at GOTECH 2025 by signing a series of strategic agreements and Memorandums of Understanding (MoUs), reaffirming its commitment to global expansion and strengthening its leadership position in the energy sector.

According to Emirates News Agency, the signed agreements include collaboration with Business Oil Africa to develop oil and gas assets in Gabon, and the award of a new concession agreement with the Egyptian General Petroleum Corporation (EGPC) for petroleum exploration and exploitation in the East El-Hamd Area. Additionally, a Memorandum of Understanding with Qorum aims to accelerate digital transformation and enhance operational efficiency.

The agreements also encompass a partnership with Baker Hughes Corva and Exebenus to pilot Artificial Intelligence (AI) solutions in drilling operations management, as well as a collaboration with BGP to leverage seismic survey technologies and AI applications. Furthermore, a reconciliation agreement was signed with Turkish Petroleum Corporation (TPAO).

On this occasion, Ali Rashid Al Jarwan, CEO of Dragon Oil, stated: "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."

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.