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Asian Oilfield Services: Making the transition
Dec 01: Asian Oilfield Services seems to have made the transition into a viable venture after its acquisition by Oilmax.
8The turnover has gone up 20 fold since the takeover
8The focus seems to be on expanding its seismic survey backbone, with an emphasis on the North East of India
8What is more, it is trying to move out of India, leveraging its low-cost India base.
8But it is in the oilfield O&M services where the company seems to be making the biggest impact. And that is not just in India.
8There is indeed room to flourish for ambitious Indian companies in the E&P segment.
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