Indian Firm Wins $37m Seismic Contract in Iraq

Source: www.gulfoilandgas.com 6/19/2019, Location: Middle East

Asian Oilfield Services Limited has received TWO Public Tenders (Orders) for 20 and 3D COP Seismic Acquisition within Block 12 in Republic of Iraq for USD 12 Mn (Twelve Million US Dollars) AND for USD 25 Mn (Twenty-Five Million US Dollars) totaling to USD 37 Mn (Thirty Seven Million US Dollars). Based on the technical qualification and lowest bidder of the tender the contract has been awarded to Asian Oilfield Services Limited. The order is to be executed within FY20 and FY21.

Commenting on the same, Mr. Ashutosh Kumar, Whole-time Director & CEO said, "We are delighted to win these awards on the basis of technically qualified lowest bidder for the project. We remain confident of delivering these projects within the stipulated timelines and to client satisfaction.

At Asian Oilfield, it is our continuous endeavor to add quality orders from existing and new clients and we are confident on the growing execution capabilities of the Company." Post the current order our Company's executable gross order book crosses Rs.850 crores on consolidated basis, giving us good revenue visibility for FY20 & FY21.


United States >>  6/27/2022 - Highlights
- Licensing agreement signed with SAExploration, Inc. (SAE) for use of SAE's Franklin Bluffs 3D seismic survey data (FB3D), covering ...

Nigeria >>  6/21/2022 - PGS is awarded a significant acquisition contract, consisting of several 4D surveys, by an international oil company offshore West Africa. Acquisition...

Norway >>  6/20/2022 - The NOAKA Ocean Bottom Node (OBN) seismic survey in the Northern North Sea on the Norwegian Continental Shelf has been extended until 2021, according ...
Norway >>  6/17/2022 - Electromagnetic Geoservices ASA ("EMGS" or the "Company") has secured approximately USD 1.4 million in revenue from late sales and USD 1.2 million in ...

United Kingdom >>  6/15/2022 - TGS has announced a seismic licencing agreement with Orcadian Energy, a low-emissions North Sea oil and gas development business. Orcadian will receiv...
Australia >>  6/14/2022 - Schlumberger Australia Pty Limited (SLB) is proposing to acquire the Bonaparte Multiclient 3D Marine Seismic Survey (the Seismic Survey) in the Bonapa...

Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.