Award of Contract
Vadodara, India, 30th November 2007

Asian Oilfield Services Ltd has informed BSE that the Company has secured two orders from ONGC India. One is a Rs 44.55 Crore order from ONGC Jorhat office for acquisition of 2D Seismic Data in Nagaland to be executed within 400 operating days of the issue of the Award of Contract. This order is extendable further to acquire more data at mutually agreed terms & conditions.

The other order is from the ONGC Baroda office for Rs 15.17 Crores for providing Integrated Seismic Job Services & Shot Hole Drilling Services. The work on this project will start in December 2007 and will continue for Field season 2007-08 & 2008-09.