Oil and Gas Development Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023

Oil and Gas Development Company Limited is engaged in exploration and development of oil and gas resources, including production and sale of oil and gas and related activities. The Company’s drilling operations and services department undertakes operations based on completion of exploratory/appraisal and development wells. Its drilling operations department designs wells, project manuals and supervises drilling activities, which includes execution, supervision and evaluation of drilling operations and services. It has approximately 18 oil and gas processing plants. These include dehydration, liquefied petroleum gas (LPG), Sulphur Recovery, hydrogen sulfide (H2S) removal, gas sweetening, condensate stabilization, refining and compression plants. The Company sells its products in large and small bulk to multiple manufacturers. Its plants have cutting-edge conversion and reforming capacities and produce a range of petroleum products.