The Indian seismic services industry is marked by only three large-scale
third party service providers. Asian Oilfield provides a rich seismic
services portfolio, which enables it to closely integrate with the success
of its E&P customers. This represents the most significant edge in an
industry characterised by strong entry barriers like experience, integrated
project management expertise and a scalable capital asset pool. A large and
growing opportunity base on the one hand, and high entry fencing on the
other, translates into the business flowing to incumbents.
Asian Oilfield enjoys a strongly competitive position in this exciting
business landscape.
* Its investment in Ensearch is a positive step to enhance global footprint
and bid for projects abroad, which are typically large in volume and
margins-accretive. Ensearch possesses 10 strategic blocks across the world,
with a combined net acreage of 40,000 sq. km (excluding the newly acquired
blocks).
* It demonstrated capabilities in managing complex 2D and 3D projects,
leveraging this understanding to bid for more such ventures. Typically, 3D
projects are much larger in volume and cost efficient by achieving
economies of scale.
* Its rich intellectual asset pool provides technical competence and
execution skills. The Company seeks to enhance its human resource through
training initiatives and recruitment of industry experts.
| NIFTY 
