Under excellent new management going-forward
- Since its acquisition in mid-2016 by Oilmax Energy, ASIAN is now run by a very highly qualified management team composed of industry veterans and pioneers, with an average experience of over 35 years working in the industry. Find out more about our illustrious management team.
- Being an Oilmax company, allows ASIAN to leverage existing capabilities in other areas of the value chain to expand its suite of services, while still maintaining the rigorous standards of quality and performance that ASIAN strives to maintain for its seismic services.
- As previously mentioned, the company’s focus under the new management team is to be low-cost operators. Going forward, ASIAN intends to cut its costs by focusing on major reductions in non-project related expenses like corporate overheads and G&A, restructuring of existing project costs, and strategically leasing and subcontracting where needed.
- Under the guidance of its new management team, ASIAN aims to switch from a capital-intensive business model to one in which it avoids owning assets where possible, to keep its capital risk as low as possible, going forward.