Asian Oilfield Services Secures Seismic Data Acquisition Work Worth INR 6400 Mn
Asian Oilfield Services Limited ("Company") has announced for received a Letter of Award (LOA} for acquisition of 20 and 30 seismic data of oil blocks located in Rajasthan and Gujarat State from a reputed oil and gas company in India. The total value of the LOA received is about Rs. 640 crore (inclusive of GST). The company has accepted the LOA and is in process of finalizing the terms & conditions for signing the contract post this issuance of LOA.
The company specializes in servicing the entire value chain from seismic data acquisition, analysing the data, turnkey drilling, building oil and gas production facility and undertaking O&M of production facility. Mr. Ashutosh Kumar Whole-time Director & CEO said, The receipt of this LOA for undertaking 20 and 30 seismic survey from an esteemed oil and gas company is an important step in our journey to realize our growth potential and unlock the inherent strength of our specialized skills and technical competencies in a niche area of providing all oilfield related services to exploration & production (E&P) companies.
The company proud to receive this LOA as this has been secured following a series of technical discussions I evaluation and highly competitive bidding process. We remain confident of delivering this project within the stipulated timelines and to client satisfaction. At Asian, it is our continuous endeavor to add quality orders from existing and new clients and we are confident on the growing execution capabilities of the Company