Dragon Oil (FRA:DRS) Inventories, Work In Process : €0.0 Mil (As of Jun. 2015)

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What is Dragon Oil Inventories, Work In Process?

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. Dragon Oil's work in process for the quarter that ended in Jun. 2015 was €0.0 Mil.

Dragon Oil Inventories, Work In Process Historical Data

The historical data trend for Dragon Oil's Inventories, Work In Process can be seen below:

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Dragon Oil Inventories, Work In Process Chart

Dragon Oil Annual Data

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Inventories, Work In Process

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Dragon Oil Semi-Annual Data
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Dragon Oil Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

Dragon Oil (FRA:DRS) Business Description

Industry

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Address

Website

http://www.dragonoil.com

Dragon Oil PLC is an independent oil and gas exploration, development and production company. The Company's producing asset is the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan. It has exploration blocks offshore Tunisia (the Bargou Exploration Permit), in Iraq (Block 9), Afghanistan (Sanduqli and Mazar-i-Sharif blocks), offshore the Philippines (Service Contract 63) in partnership with other companies and Block 19 in Egypt. The Company develops the hydrocarbon reserves in the Cheleken Contract Area in accordance with the terms of the Production Sharing Agreement (PSA). As at 31 December 2014 the Company had probably oil reserves of 663 million barrels of oil and condensate, gas 2P reserves and contingent gas resources of c. 2.7 TCF. The Bargou Exploration Permit contains prospective resources, while Block 9, Sanduqli and Mazar-i-Sharif blocks and Block 19 are at an early stage of exploration. The Company is subject to the international laws and regulations that it operates in.