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Share price of Asian Oilfield Services touched 52-week high of Rs 181, rising 10 percent intraday Thursday as it subsidiary company received a contract worth USD 95 million. "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," as per company release.
"The total value of contract is about USD 95 million for a total period of 5 years," it added. Earlier on December 27, 2016 the company has announced about receipt of a binding Letter of Intent (LOI) for contract of approximately USD 57 million for providing O&M services for 3 years. The above contract of USD 95 million for a total period of 5 years is for the same LOI.
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