Asian Oilfield bags Rs640 crore contract for 2D & 3D seismic data acquisition

MUMBAI : Asian Oilfield Services Limited, a provider of 2D and 3D seismic services, has received a letter of award (LoA) from an oil and gas company in India to acquire data of oil blocks located in Rajasthan and Gujarat, the company said. The total value of the LoA received is about Rs640 crore.

“This is an important step in our journey to realize our growth potential. We remain confident of delivering this project within the stipulated timelines and to client satisfaction,” said Ashutosh Kumar, Whole-time Director & CEO at Asian Oilfield Services.

The term of the contract is two years and the company is in the process of finalising the terms and conditions for signing the contract post issuance of the LoA.