Asian Oilfield Services has acquired a Letter of Award (LOA) for acquisition of 2D and 3-d seismic facts of oil blocks located in Rajasthan and Gujarat State from a reputed oil and fuel employer in India. The total fee of the LOA acquired is ready Rs. 640 crore (which includes GST).
The term of LOA is two years. The Company will perform services pursuant to issuance of call out word for respective block/location. The real volume and price of labor at the side of period will be concern to issuance of name out be aware.
The Company has standard the LOA and is in process of finalizing the phrases & conditions for signing the contract submit this issuance of LOA. Post the cutting-edge award, our executable order e-book crosses about Rs. 1,four hundred crore giving us robust sales visibility for FY21 & FY22.
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