Asian Oilfield Services bags orders of $37 mn

Asian Oilfield Services bags orders of $37 mn

Agency News

Mumbai, June 19: Asian Oilfield Services Limited on said Wednesday it has received two Public Tenders (Orders) for 2D and 3D CDP Seismic Acquisition within Block 12 in Republic of Iraq for USD 12 Mn and for USD 25 Mn totalling to USD 37 Mn.

Based on the technical qualification and lowest bidder of the tender, the contract has been awarded to Asian Oilfield Services Limited. The order is to be executed within FY20 and FY21, the company said in a filing with BSE.

Commenting on the same, Ashutosh Kumar, Whole-time Director & CEO said, ''We are delighted to win these awards on the basis of technically qualified lowest bidder for the project. We remain confident of delivering these projects within the stipulated timelines and to client satisfaction. At Asian Oilfield, it is our continuous endeavour to add quality orders from existing and new clients and we are confident on the growing execution capabilities of the company.'' (UNI)