Asian Oilfields in the limelight

Asian Oilfields hit a new 52-week high today at Rs.181 and it remains firmly in the green.

The stock is up on news that its subsidiary company has received a contract worth US$ 95 million.

The company’s Press Release states, “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 period of the contract is 5 years.