AESL receives LoA from Vedanta Limited for Gujarat seismic data acquisition

Asian Energy Services Limited (AESL) has received the letter of award (LoA) worth Rs 0.41 billion for seismic data acquisition services from Vedanta Limited.

Commenting on the development, Mr. Kapil Garg, managing director, AESL, said, “This order from Vedanta Limited is the reflection of our leadership position in the seismic services field and our strong relationship with clients. This is the third order we have secured recently after orders from Oil and Natural Gas Corporation Limited for Gujarat and GAIL (India) Limited for Rajasthan in the seismic services field. The work under this order will be completed in the current financial year.

Our order book for seismic services stands at Rs 1.70 billion now and our overall order book stands at approximately Rs 9.50 billion. We are focused and confident to execute these orders in a timely manner.”

AESL offers end-to-end services which extend across the entire upstream value chain. AESL’s service offerings including 2D and 3D seismic geophysical data acquisition, integrated supply and installation of coal handling plants and rapid loading systems, as well as the supply, commissioning, and integrated operations and maintenance of onshore and offshore oil and gas production facilities. Since its acquisition by Oilmax Energy Private Limited, AESL has diversified its business verticals to capture more value across the energy and upstream oil and gas value chains, for long term value creation for its investors and shareholders.