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Asian Energy Services secures contract from Vedanta

24 Jan 2022 Evaluate

Asian Energy Services has secured a four-year contract with one year extension option for operation and maintenance of Vedanta’s Oil and Gas Processing Facility and Offshore Platforms in Cambay, Gujarat. The company will commence operations from April 2022 in this contract.

Asian, in early 2019, had taken a strategic decision to expand its services beyond oil and gas and as of today has successfully secured service contracts in coal exploration and mining. After successful entry into coal mining industry, Asian’s recent efforts has been towards strengthening the materials handling and O&M businesses while maintaining the focus on its seismic opportunities. The management team has been re-organized accordingly to maintain equal focus on these three verticals to achieve company’s vision.

Asian Energy Services (formerly 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.

Peers
Company Name CMP
ONGC 237.95
Oil India 479.00
Jindal Drilling&Inds 591.05
Deep Industries 766.55
Asian Energy Service 474.30
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