Arab Finance: National Drilling Company saw an 167.48% year-on-year (YoY) increase in net profits during the first half (H1) of 2023, hitting $5.690 million, compared to $2.127 million, according to the company’s August 15th financial statements filed to the Egyptian Exchange (EGX).

The company generated revenues amounting to $12.405 million during the January-June period of this year, up from $6.974 million in the same period in 2022.

National Drilling is an Egypt-based company engaged in the provision of oil field drilling services. The company provides technical support and services for fields drilling operations managing its four land drilling rigs, which are all presently contracted in Libya.

Its scope of services also includes the provision of rigs associated equipment, selling and storing related machinery, as well as trading in related spare parts.

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