Asian Oilfield Services has entered into a share purchase agreement for acquisition of 51% of equity share capital of Optimum Oil & Gas from its existing shareholder. The Company currently holds 23% of equity share capital of Optimum Oil & Gas.
On completion of all closing formalities, Optimum will become a subsidiary of the Company with 74% holding. The indicative time period for completion of the acquisition is on or before November 30, 2019.
Asian Oilfield Services provides range of services to reputed national and multinational companies. The company banks on the rich experience of well qualified professionals for providing seismic data acquisition, processing and Interpretation services.
