Asian Energy Services Limited has announced the discovery of oil in its newly drilled well NM-01, located in the Mevad Area of Mehsana district, Gujarat. During the testing phase, the well is currently producing 100 barrels of oil per day (bopd). Preliminary data suggests a potential production rate of approximately 125–130 bopd, pending further evaluation. The company holds a 50% participating interest in the block, with Oilmax Energy Private Limited holding a 10% interest. The crude oil produced is intended for sale to domestic refineries, with pricing aligned to prevailing Brent crude benchmarks as per industry standards. Further assessments are in progress to fully determine the potential of this discovery and its subsequent development. Asian Energy Services Limited will provide updates on any material developments as required by applicable regulations.
