Asian Oilfield hits the roof after new order win

Asian Oilfield Services was locked in 5% upper circuit at Rs 83.70 at 09:25 IST on BSE after the company received a contract from ONGC worth Rs 27.65 crore.

The announcement was made after market hours yesterday, 29 November 2018.

Meanwhile, the S&P BSE Sensex was up 145.68 points or 0.4% at 36,316.09.

On the BSE, 3,535 shares were traded on the counter so far as against the average daily volumes of 9,740 shares in the past two weeks. The stock had hit a high of Rs 83.70 and a low of Rs 83.65 so far during the day.

Asian Oilfield Services said that the company has received a Letter of Award of contract from Oil and Natural Gas Corporation (ONGC) for hiring of services for 2D seismic data acquisition in un-appraised on land areas of sedimentary basins of India Sector 11A (Himalayan Foreland area) valued at Rs 27.65 crore.

 

Asian Oilfield Services is a reservoir imaging company, offering a suite of geophysical services specializing in land and well seismic services. The company's mission is to help its clients in the onshore oil & gas and mining industries make quicker and more informed decisions on where to explore drill.

Powered by Capital Market - Live News