Asian Energy Services, an integrated service provider to the energy and mining sectors, has secured an integrated service contract worth Rs8.65bn ($100m) from Vedanta.
The order, which includes field development and operations and maintenance (O&M) services, will be executed over a period of 57 months.
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Asian Energy Services managing director Kapil Garg said: “We are honoured to receive integrated service contract for field development and operations and maintenance (O&M) contract from Vedanta, one of our valued and long-standing client. This repeat engagement reflects the trust we have built through dependable service and a strong focus on operational excellence.
“Integrated O&M remains a core area of focus at Asian Energy Services and a key growth driver. Our ability to manage critical infrastructure safely and efficiently continues to make us a preferred partner in the energy sector. This mandate reaffirms confidence in our team’s capability to consistently deliver in complex and challenging environments.”
Since being acquired by Oilmax Energy Private, Asian Energy Services has expanded its business segments to enhance value across the energy and upstream oil and gas sectors, aiming to deliver long-term benefits for its investors and stakeholders, stated the company.
Earlier in the month, Asian Energy Services was awarded a work order from Sun Petrochemicals for the hiring of services for 3D seismic data acquisition and processing in Gulf of Khambhat, Gujarat.
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By GlobalDataThe total contract value was approximately Rs460m and will be executed over a period of 12 months.
Asian Energy Services offers integrated oil and gas services including 2D and 3D seismic geographical data acquisition; O&M of onshore and offshore oil and gas production facilities; and production improvement and mining services including supply and installation of material handling plants and rapid loading systems, added the company.
In January, the Standing Committee of the National Board for Wildlife sanctioned Vedanta’s Cairn Oil & Gas to undertake exploratory drilling in the eco-sensitive zone of Gibbon Wildlife Sanctuary in Jorhat district, Assam, India.
