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Asian Oilfield Services Limited
Sector:Oil and Gas Oil and Gas - Exploration and Production
BSE:530355NSE:NABloomberg:AOS@INReuters:AOSL.BO
Market Lot: 100Face Value: 10ISIN Demat: INE276G01015
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07-Aug-2017
Business Profile
Incorporated as a public limited company in 1992, Asian Oilfield Services Limited (AOSL) provides services to oil and gas exploration companies in India. Services provided by the company include shot Hole drilling and uphole drilling, seismic data acquisition and seismic job services, seismic data processing and interpretation.
The company has provided range of services to reputed national and multinational Companies. The company has technical collaboration with Geophysical Institute of Israel (GII), Israel. GII is a geophysical service company, specializing in seismic exploration for oil and gas. The company was established in 1957 by the Israeli government to supply geophysical services to the local oil companies.

Financials
The company announced fall of 0.00% in consolidated net profit on y-o-y basis to Rs 40.92 million, while total income declined 0.00% y-o-y basis to Rs 596.59 million for the quarter ended September 2015.

Recent Developments
07-AUG-17
Asian Oilfield Services' wholly owned subsidiary Asian Oilfield & Energy Services DMCC, Dubai has received a Letter of Intent (LOI) for a contract of USD 20 million

25-APR-17
Asian Oilfield Services has successfully completed the mobilization of Crew and Equipment of 2 more contracts totalling Rs 1.11 billion.

24-MAR-17
Asian Oilfield Services has received a Letter of Award (LoA) of contract worth Rs 1.08 billionfrom ONGC for 2D Seismic Data Acquisition in unapprised on land areas of Sedimentary Basins of India for Sector 6 (Ganga).

23-FEB-17
Asian Oilfield Services announced that the company's wholly owned subsidiary Asian Oilfield & Energy Services DMCC, Dubai has signed a contract for providing Operations and Maintenance Services (O&M) for an offshore production unit operating at EBOK field offshore Nigeria.

17-JAN-17
Asian Oilfield Services has received letter of award of contract from Oil India for 2D Seismic Data Acquisition in Manipur (Area-1) from the unappraised areas of North East India for an estimated contract value of Rs 1.42 billion.

14-DEC-16
Asian Oilfield Services has received Letter of Award (LoA) of contract from Oil India for 2D Seismic Data Acquisition in North Cacher Hills (Karbi analog) the unappraised areas of North East India for an estimated contract value of Rs 637.5 million.

22-NOV-16
Asian Oilfield Services has received Letters of Award (LoA) of two Contracts by Oil India for acquisition of 2D Seismic Data in unappraised on land areas of North East India for an estimated total value of Rs 1.40 billion ful both the contracts.

09-SEP-16
Asian Oilfield Services has been awarded the contract for 222.1 square kilometer of 3D Seismic Data Acquisition at block EP 4 in Myanmar by Bashneft International BV, Netherlands for an estimated contract value of USD 7.33 million.



In Brief

 
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