Asian Oilfield's Subsidiary In Dubai Receives EPCC Contract
Asian Oilfield Services Limited's wholly owned subsidiary Asian Oilfield & Energy Services DMCC, Dubai (Asian DMCC) has received a binding Letter of Intent (LOI) from Amni International Petroleum Development OML 52 Company Limited (Amni) to commence engineering and project management work for upgrade of Amni' s existing production facility under the forthcoming project contract of EPCC. The value of LOI is USD 1.4 million. Asian DMCC has signed and accepted the LOI.
Asian DMCC is in the advanced stage of negotiation for the entire EPCC contract (engineering, procurement, construction and commissioning) for upgrading the aforesaid production facility with Amni. The Company shall keep the exchange informed of the progress of the contract.
- Bagged By:
- Country:United Arab Emirates
- Industry:Petroleum & Natural Gas
- Value:USD 1.4 Million
- Published On:2018-10-22