Asian Energy Services Empanelled by Oil India for Three Years to Handle Seismic Data Acquisition
Asian Energy Services Limited has secured an empanelment agreement with Oil India Ltd (OIL) for the acquisition of seismic data services across OIL's onshore acreages in India. The arrangement covers a period of three years and positions the company as a key service provider in the oil and gas sector.Under the new empanelment, Asian Energy Services will handle multiple project categories related to on-land 2D and 3D seismic data services for Oil India Ltd. This scope includes largescale seismic surveys, bolstering Asian Energy's presence within the integrated Oil & Gas segment.
The agreement establishes Asian Energy as an eligible bidder for participation in future tenders issued by OIL for these specialized seismic data acquisition services. The company noted that the awarding of specific contracts remains contingent upon separate tendering processes and successful compliance with all technical and commercial requirements stipulated by OIL.
This development is set to enhance opportunities for Asian Energy Services Limited, strengthening its relationship with a leading public sector enterprise in the oil and gas industry.
ASIANENE Stock Price Movement
Shares of Asian Energy Services Limited are edging higher to ₹372.90 as of 12:12 PM, after gaining ₹3.70 (1.00%) in live trading. The stock is showing steady interest in the market, with a traded volume of 203,172 shares recorded so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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