Asian Energy Services stock jumps after announcing fresh oil discovery in Mevad field
News by Aliceblue News Desk
02 Feb 2026
Introduction
Leading energy services company discovers oil at Mevad field in Gujarat, with new well producing 100 barrels per day and potential peak production of 125-130 barrels daily.
Share price movement of Asian Energy Services
On February 2, 2026, Asian Energy Services Ltd opened at ₹249.50, up 0.40% from its previous close of ₹248.50. The stock reached a high of ₹252.90 and a low of ₹244.80. By 12:03 PM, it traded at ₹249.70, a 0.48% increase, with a market cap of ₹1,118.02 crore.
Asian Energy Finds Oil
Asian Energy Services Limited announced an oil discovery at the Mevad field in Gujarat. The new well NM-01 is producing approximately 100 barrels of oil per day in testing.
The well reached 1,650 metres depth, encountering three hydrocarbon-bearing sand intervals- Mandhali, Sobhasan, and Kalol. Potential peak production is estimated at 125-130 barrels of oil per day. Further testing of Kalol-III will follow.
Asian Energy holds 50% interest under the Revenue Sharing Contract, with partners including Oilmax Energy. Additional wells are planned to evaluate the oil pool and assess reservoir development potential.
Stock performance of Asian Energy Services for Period of 1 week, 6 months, and 1 year
Asian Energy Services Ltd delivered a 3.28% return over the past week, declined 27.5% in the past 6 months, and fell 20.9% over the past 1 year.
Shareholding pattern of Asian Energy Services
| Particulars | Dec 2025 | Sep 2025 | Jun 2025 |
| Promoter | 61% | 61% | 61.00% |
| FII | 1.10% | 0.90% | 2.30% |
| DII | 0.50% | 0.40% | 0.30% |
| Public | 37.30% | 37.60% | 36.40% |
| Others | 0.10% | 0.10% | 0.10% |
About Asian Energy Services
Asian Energy Services Limited (NSE: ASIANENE) provides end-to-end upstream oil and gas services, including seismic data acquisition, production operations, maintenance, and mining solutions for energy sector projects.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is Asian Energy Services Ltd share price rising today?
A: Asian Energy Services Limited discovers oil at Mevad field, Gujarat; well NM-01 produces 100 bopd, with potential peak production of 125-130 bopd.
Q: What is Asian Energy Services Ltd’s main business focus?
A: Asian Energy Services Ltd provides end-to-end upstream oil and gas services, including seismic data acquisition, production operations, maintenance, and mining solutions.
Q: What is the 52-week high and low of Asian Energy Services Ltd stock?
A: Asian Energy Services Ltd stock recorded a 52-week high of ₹392.10 and a low of ₹214.85 on NSE.
News Author
Aliceblue News Desk
