Oil India Empanels Asian Energy Services for Seismic Data Acquisition Services

Asian Energy Services has been empanelled by Oil India Ltd (OIL) for acquisition of on-land 2D and 3D seismic data services across OIL's onshore acreages in India. The empanelment is for a period of three years and covers multiple project categories, including largescale seismic surveys.

The empanelment positions the Company as an eligible bidder for participation in OIL's future tenders for seismic data acquisition services. Contract awards will be subject to separate tendering processes, evaluation criteria, and compliance with technical and commercial requirements specified by OIL from time to time.

The development will further strengthen Asian Energy's position in the integrated Oil & Gas segment and enhance opportunities to secure future business from a leading public sector enterprise in the oil and gas sector.

Shares of Asian Energy Services Ltd was last trading in BSE at Rs. 381.05 as compared to the previous close of Rs. 368.50. The total number of shares traded during the day was 28223 in over 690 trades.

The stock hit an intraday high of Rs. 384.95 and intraday low of 365.00. The net turnover during the day was Rs. 10552275.00.

Source : Equity Bulls

Keywords

AsianEnergyServices INE276G01015 Empenelment OilIndia