Andong Oilfield Services (03337) announced that the Group successfully won the right to develop Dhafriyah oilfields for 25 years in the fifth round plus and the sixth round of oil field bidding in Iraq on May 12. The group will participate in the oil field block as an operatorPlaytoearnnftgamesfreeThe development of.

The essence of the project is a general contract for oil field technical services. Andong will always be committed to providing first-class oil field technical services to oil company customers; the group adopts differentiated management strategies to avoid project competition with oil company customers. In this round of block bidding process, the group gives full play to its own advantages, actively participates in and takes the initiative to fill positions, and is committed to contributing to the efficient development of oil and gas resources in Iraq. At the same time, the Group always adheres to strong risk management and control. In terms of block selection, the Group chooses more mature evaluation and development blocks rather than exploration blocks, and selects areas with lower risk to avoid high-risk areas; in addition, the Group always adheres to the business development model of light assets, and the Group will promote the high-quality development of the oil field block with ecological partners through a platform management model and organizing resources.