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| Exchange Disseminated Time 22/02/2017 18:07:28 | Asian Oilfield Services Ltd has informed BSE that the Company's wholly owned subsidiary Asian Oilfield & Energy Services DMCC, Dubai has signed a contract for providing Operations and Maintenance Services (O&M) for an offshore production unit operating at EBOK field offshore Nigeria. The total value of contract is about US$ 95 million for a total period of 5 years (inclusive of client options).
The Company has now informed that the Company have earlier announced on December 27, 2016 about receipt of a binding Letter of Intent (LOI) for contract of approximately US$ 57 million for providing O&M services for 3 years. The above contract of US$95 million for a total period of 5 years (inclusive of client options) is for the same LOI.
The Company's wholly owned subsidiary Asian Oilfield & Energy Services DMCC has also entered into an agreement
to acquire 99.99% shareholding of Ivorene Oil Services Nigeria Limited (a company registered under Nigeria) to provide local support for this O&M contract. |
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