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Asian Energy Services gets LOA worth Rs 78.24 crore

19 Jun 2023 Evaluate

Asian Energy Services (AESL) has received Letter of Award (LOA) from Oil & Natural Gas Corporation (ONGC) for 3D Seismic Data Acquisition services in Gujarat. The value of LOA is Rs 78.24 crore. The contract duration is 11 months. 

With this order, the company now has a healthy order book of around over Rs 900 crore (including this order) spread across Seismic Services, Operations & Maintenance Services and Infrastructure Services.

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 224.90
Oil India 443.80
Jindal Drilling&Inds 571.45
Deep Industries 745.50
Asian Energy Service 455.10
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