Asian Energy Services Limited (AESL), a service provider across the upstream value chain, has won a contract from Oil India worth approximately ₹82 crores. This order involves 2D Seismic Data Acquisition over 4,300 line kilometers (LKM) in the Rajasthan Basin as part of Mission Anveshan. The project will be executed over 18 months and includes all taxes and duties.
With this new contract, AESL’s total order book now stands at around ₹1,000 crores. Commenting on the achievement, Mr. Kapil Garg, Managing Director of AESL, expressed excitement over securing the project, emphasizing that it reinforces the company’s position in the industry. He also stated the company’s commitment to actively seek growth opportunities across all business segments and deliver high-quality services.
About Asian Energy Services Limited (AESL)
AESL provides a range of services across the upstream value chain, including 2D and 3D seismic data acquisition, operations and maintenance of onshore and offshore production facilities, production enhancement services, and mining services. Since being acquired by Oilmax Energy Private Limited (OEPL), AESL has diversified its business, capturing more value in the energy and upstream oil and gas sectors to benefit investors and stakeholders in the long term.
Safe Harbor Statement
The company notes that forward-looking statements about plans, objectives, and project potential are based on current estimates and assumptions but are subject to risks and uncertainties, potentially leading to outcomes that differ materially from those anticipated. AESL assumes no obligation to update such forward-looking statements.
