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(As on Jan 17, 2017, 12:06)

Asian Oilfield Services bags Rs 142.86 cr contract from OIL

Reservoir imaging company Asian Oilfield Services Ltd on Tuesday said it has secured a contract from Oil India Ltd (OIL) for 2D seismic data acquisition in Manipur from the unappraised areas of North East India.

Further, the estimated value of the contract awarded is Rs 142.86 crore, the company said in a statement.

In a filing to the Bombay Stock Exchange, the company said, “It has received Letter of Award of contract from Oil India Limited for 2D seismic data acquisition in Manipur (Area-1) from the unappraised areas of North East India for an estimated contract value of Rs 142.86 crore.”

The company further said that it has acknowledged the receipt of this Letter of Award and has initiated the acceptance and execution of the same.

Meanwhile, shares of the company were trading at Rs 135.25 apiece, up 4.08 per cent, from previous close on BSE at 12:10 hours.

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