Revenue Sharing Contract signed with Government of India for DSF Bid Round-IV contract area
Oilmax Energy, Asian Energy's holding and amalgamating company, signed a Revenue Sharing Contract with the Government of India for contract area GK/OSDSF/GKOSN/2025 under DSF Bid Round-IV.
By ScoutQuest · · 2 min read
- Contract Area
- GK/OSDSF/GKOSN/2025 under DSF Bid Round-IV
- Participating Interest
- 50% participating interest and is Operator
- RSC Execution Date
- October 22, 2026
What the company told the exchanges
- Oilmax Energy Private Limited (OEPL), described as the holding and amalgamating company of Asian Energy Services Ltd, executed a Revenue Sharing Contract with the Government of India, acting through the President of India, on October 22, 2026.
- The contract is for Contract Area GK/OSDSF/GKOSN/2025, offered under the Discovered Small Field (DSF) Bid Round-IV.
- The contract area had been awarded to OEPL by the Directorate General of Hydrocarbons (DGH), Ministry of Petroleum and Natural Gas, vide Letter of Award dated August 31, 2026, which the company had disclosed earlier.
- OEPL holds a 50% participating interest in the contract area and acts as the Operator.
What a Revenue Sharing Contract means here
A Revenue Sharing Contract is the agreement with the Government that sets out how output and revenue from the field are shared between the contractor and the Government. The update states that the rights and obligations relating to the contract area shall be governed by the terms and conditions of the executed RSC. Contract signing is described as a further milestone following the award of the contract area.
Link to the merger
- The Hon'ble National Company Law Tribunal, Mumbai Bench-I, sanctioned the Scheme of Merger by Absorption of OEPL with the company vide its order dated September 29, 2026.
- Subject to receipt of requisite statutory and contractual approvals or consents, and the Scheme becoming effective, OEPL's rights and interests in this contract area would vest in the company, in accordance with the terms of the Scheme and applicable law.
- Until that happens, the contract sits with OEPL, not directly with the listed company.
How to read this
- The announcement marks a step forward on a project the company had already flagged through the award intimation and the merger process.
- The interest reaching Asian Energy Services is conditional on the Scheme becoming effective and on the required approvals or consents coming through.
- The update sets out the milestone and the shareholding link; the economics of the field are governed by the RSC terms.
Also from Asian Energy Services
NCLT final order copy received for merger by absorption; exchange ratio 117:10
15 Oct 2026
NCLT Sanctions Merger of Parent Oilmax Energy with the Company; 117:10 Share Swap
30 Sep 2026
More numbers
- OEPL participating interest in the contract area50%
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