OEPL (Holding Co.) awarded Hydrocarbon Contract Area under DSF Bid-IV

Asian Energy Services Limited (AESL) announced that its holding and amalgamating company, Oilmax Energy Private Limited (OEPL), has been awarded the Contract Area GK/OSDSF/GKOSN/2025 under the Discovered Small Field (DSF) Bid Round-IV. The Government of India, through the Directorate General of Hydrocarbons (DGH), formally communicated this award to OEPL on August 31, 2026. OEPL will hold a 50% Participating Interest in the Block and will act as its Operator. The award is contingent on the execution of a definitive Revenue Sharing Contract (RSC) between the President of India and OEPL. AESL clarified that while the contract was awarded to OEPL directly, an ongoing Scheme of Merger by Absorption of OEPL into AESL means all assets, contracts, and blocks will legally vest into AESL once the merger becomes effective.