Asian Oilfield up 4% on Oil India order

MUMBAI: Shares of Asian Oilfield Services were up 4.28 per cent at Rs 195 on BSE on Monday after the company said it has secured a Rs 71.86-crore order from Oil India for 2D Seismic Data in Mizoram, to be executed within 14 months from the date of mobilization.

This order is extendable further to acquire more data.

Asian Oilfield has completed over 300 GLKM of project work of Rs 40 crore in Tripura, Assam, Nagaland and Gujarat for ONGC, Jubilant Oil & Gas and Canoro Resources.

The company is diversifying into related services in oil and gas sectors with an aim to become one of the leading service providers in oil field sector in India.