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Asian Oilfield Services receives LoI for USD 20 mn contract from Startum Energy Romania

Capital Market 

Through its based subsidiary - Asian Oilfield & Energy Services

announced that its wholly owned subsidiary, Asian Oilfield & Energy Services DMCC, has received a Letter of Intent (LOI) for a contract of US$ 20 million from Stratum Energy Romania, LLC for acquisition of 730 sq km of 3D Seismic Data in EV-1 Moinesti Block in onshore Romania. This LOI is subject to the parties concluding a contract with mutually acceptable terms.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, August 07 2017. 13:04 IST