27 Jun, EOD - Indian

Nifty Next 50 68712.4 (0.61)

Nifty Midcap 100 59385.15 (0.27)

Nifty Bank 57443.9 (0.41)

Nifty IT 38822.95 (-0.44)

Nifty Smallcap 100 18976.8 (0.91)

Nifty Pharma 21928.6 (0.55)

Nifty 50 25637.8 (0.35)

SENSEX 84058.9 (0.36)

27 Jun, EOD - Global

NIKKEI 225 40150.79 (1.43)

HANG SENG 24284.15 (-0.17)

S&P 6204.65 (0.69)

LOGIN HERE

flagAsian Energy Services Ltd

You are Here : Home > Markets > CompanyInformation > Company Background
BSE Code : 530355 | NSE Symbol : ASIANENE | ISIN : INE276G01015 | Industry : Crude Oil & Natural Gas |


Company History

Asian Oilfield Services Limited (AOSL), incorporated in March, 1992 is an energy services company dedicated to specialized services for the energy sector, particularly the hydrocarbon and minerals sectors. Services offered include seismic data acquisition, and the design, building, operations, and maintenance of facilities and infrastructure for hydrocarbon and mineral sectors, with esteemed clientele ranging from ONGC, Oil India Limited, and CMPDIL in the public sphere to stalwarts like Vedanta Resources and Oilmax Energy in the private sector.

Company is engaged as a service provider to the energy and mineral sectors, offering end-to-end services which extends across the value chain, including Geophysical Data Acquisition, Production Facility EPC , production facility Operation and Maintenance. The services offered by the Company include 2D and 3D seismic data acquisition, basic seismic data processing, topographic survey, continuous core drilling for mineral and CBM exploration, wire-line logging and directional core drilling to target shallow horizons. Its clients include ONGC Ltd, Oil India Ltd, Jubiliant Enpro, Canaro Resources Ltd, Geoenpro Petroleum Ltd, RITES Ltd, Joshi Technologies International Inc, Premier Oil Ltd and GAIL India Ltd. The Company's subsidiary is AOSL Petroleum Pte Ltd.

The Company's portfolio of services includes 2D and 3D seismic data acquisition, basic seismic data processing, topographic survey, continuous core drilling for mineral and CBM exploration, wire-line logging and directional core drilling to target shallow horizons. In addition to the core services AOSL also provides specialized high technology services to oil and gas companies for targeted applications.

The Company executed projects in almost every part of India and is has a consistent track record of completing its projects in a wide range of terrains across the country. They built a strong reputation of working in the North Eastern states of India where they faced the challenges imposed by hostile terrain, social unrest and disturbances and security issues to spearhead the exploration efforts of oil and gas companies in the areas.

In addition to the oil and gas industry, AOSL served the exploration needs of the mineral and CBM industry, providing core-drilling services, wire-line logging services and production drilling services where we provide cutting edge solutions with state of the art equipment and technologies.

In 2010-11, the Company completed first 3D Seismic job for a private client in Gujarat. This is an important milestone since it launched AOSL into more sophisticated segment of the Seismic Services market. It further completed 1352 GLK of 2D seismic acquisition; commissioned and mobilized Crew No 5 for major private client in India in a wild-cat exploration area in central India for exploration of hydrocarbon in Deccan traps below the basalt using advanced technology in India namely the high powered Accelerated Weight Drop system, Cable-less nodal Seismic Acquisition System and low Frequency Acquisition, thus enhancing the Company capabilities and making it more competitive in the market. In 2010, Samara Capital acquired a controlling stake of the management of the Company with a view to position the Company as a holistic services organisation.

In 2011, it started mineral coring operations. In 2012 it Initiated CBM coring and drilling business. In 2013, it set up a seismic world record at the Shakal field site for Russian giant, Gazprom. The data was acquired with a spread of more than 6,200 live channels and realtime transmission of all the seismic data, setting a new standard for real-time, cablefree seismic acquisition.

In 2014, it completed a large 3D seismic survey of 630 sq. km over the Taza Block in Kurdistan region of Iraq using a real-time RT System2 seismic data acquisition system over the spread of 13,000 wireless channels. In 2016, Oilmax Energy Private Limited acquired a controlling 11stake in the Company and became the Promoter of the Company with effect from August 5, 2016.

In 2017, the Company secured 5 new 2D seismic orders, totaling 7,500 line-km, from Oil India and ONGC in the North East of India. Then in 2019, it ventured into coal sector with first contract. In 2021, it entered energy infrastructure sector with first contract; in 2022, it completed Suvali O&M and Gevra CHP and in 2023, completed PY3 O&M and 2 more CHP (Singareni and Hura). completed Rajasthan and Cambay Seismic projects for Vedanta Limited; completed -the integrated operation and maintenance contract for Vedanta's Suvali facility at Cambay, Gujarat as well.

The Company executed seismic projects across the nation and advanced its coal handling plants at Hura, Singareni and Gevra, located across the country's mineral belt. AESL also acquired new orders in Singareni's Open Cast Project, CHP project in Karo and a plough feeder project in Rajmahal in 2024. Further, Company has acquired a 50% participating interest in oil & gas field located in Indrora, Gujarat to enhance oil production in FY24.

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +