The Dublin-registered operator, which is majority owned by funds-rich Emirates National Oil Company, dropped a putative $785 million bid for Petroceltic in December as global oil prices plummeted.
Speaking to analysts following publication of the explorer’s latest results on Tuesday, Dragon chief executive Abdul Jaleel Al Khalifa would not rule out making a future bid for Petroceltic.
The Dragon Oil boss said that the new price environment could provide more opportunities for acquisitions as the cash-rich company seeks new development assets in Africa and Asia.
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