Asian Oilfield Services is currently trading at Rs. 173.00, up by 8.20 points or 4.98% from its previous closing of Rs. 164.80 on the BSE.
The scrip opened at Rs. 172.70 and has touched a high and low of Rs. 181.00 and Rs. 170.10 respectively. So far 129290 shares were traded on the counter.
The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 181.00 on 23-Feb-2017 and a 52 week low of Rs. 29.00 on 24-Feb-2016.
Last one week high and low of the scrip stood at Rs. 181.00 and Rs. 148.00 respectively. The current market cap of the company is Rs. 385.77 crore.
The promoters holding in the company stood at 56.32%, while Non-Institutions held 43.68% stake in the company.
Asian Oilfield Services’ 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 $95 million for a total period of 5 years (inclusive of client options). Earlier, on December 27, 2016, the Company has announced about receipt of a binding Letter of Intent (LOI) for contract of approximately $57 million for providing O&M services for 3 years. The above contract of $95 million for a total period of 5 years (inclusive of client options) is for the same LOI.
Furthermore, Asian Oilfield & Energy Services DMCC has also entered into an agreement to acquire 99.99% shareholding of Ivorene Oil Services Nigeria (a company registered under Nigeria) to provide local support for this O&M contract.