Asian Oilfield rallies 10%; gets contract from Gazprom

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Moneycontrol Bureau

Asian Oilfield Services has been locked at 10 percent upper circuit on Wednesday after its Dubai subsidiary received contract from Gazprom NEFT Middle East B.V.

A wholly owned subsidiary of Asian Oilfield Services based in Dubai has been awarded a contract for 3D Seismic Data Acquisition in Shakal Block, Kurdistan Iraq from Gazprom NEFT Middle East B.V. for an estimated contract value of USD million 10, said the company in its filing.

On Monday, the share also closed with a gain of 10 percent after it has entered into a memorandum of understanding (MOU) for working together in technical collaboration/unincorporated joint venture/consortium with Geokinetics International Inc.

At 13:43 hrs Asian Oilfield Services was quoting at Rs 39.15, up Rs 3.55, or 9.97 percent on the BSE.

Posted by Rakesh Patil