zhongman petroleum and natural gas group corp.,ltd. announced that its wholly-owned subsidiaries ME DMCC and Babylon DMCC have signed development and production contracts for the EBN block and MF block with MdOC respectively. The contract is valid for 20 years from the effective date and can be extended for 5 years. The company is required to provide the necessary technology, personnel, etc. for oil field exploration, development, and production operations, and to undertake oil field construction and operation management. Within 6 months of the contract taking effect, an initial development plan must be submitted, and the necessary amount of work must be completed within 3 years. Positive impact on future performance is expected.