Investor Presentaiton
Asian Oilfield Services moving in the right direction post Management change
Asian
Dilfield Services
An Oilmax Company
Balance Sheet cleanup
Undertook Balance Sheet cleanup by settlement and repayment of old outstanding
liabilities and writing-off non-recoverable amounts lying in debtors and advances
Debt reduction
The company retired high-cost borrowings
and renegotiated interest rates
Diversification
Diversified into the O&M business to de-risk from the seasonality
factor of seismic business (Q1 and Q2 lean period)
Asset Light
Disposal of non-strategic equipment and change
in business model from Capital-intensive to Asset-
Light by adopting lease and subcontracting model
Cost rationalization
Took a major drive to reduce non project-related expenses like
corporate overheads, and general and administrative expenses
by renegotiating all major costs related to the project
Technology Focus
Company became first in the world to adopt, operate and execute a large
multi-channel 3D cable-less real time seismic data acquisition technology
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