The board of Dragon Oil, a subsidiary of Dubai government-owned Enoc Group, has appointed Saif Humaid Al Falasi as the new chief executive officer with immediate effect.

Al Falasi takes over from Dr Abdul Jaleel Al Khalifa, who served as Dragon Oil’s CEO since 2008. He will also serve as a board member of the company.

With more than 37 years of experience in the petroleum industry, Al Falasi will provide vital direction and leadership to the company as it continues on its path to accelerate the development of the Cheleken Contract Area, pursue opportunities for gas monetisation and explore value-enhancing acquisitions within its diversification strategy, said a Wam news agency report.

Enoc has been instrumental in meeting the domestic energy needs of the emirate for many decades.
Historically, Enoc has focused its operations on the midstream and downstream parts of the energy value chain with targeted investments in the upstream segment, it said.