Aban Offshore’s wholly owned step-down subsidiaries - ‘Deep Drilling 7’ and ‘Deep Drilling 8’, have redeemed the outstanding bonds issued by them having an aggregate principal amount of $216 million amounting to Rs 1,335 crore along with accrued interest on the due date i.e. March 5, 2015.
Aban Offshore (formerly Aban Loyd Chiles Offshore) is India’s largest offshore drilling services provider to oil companies, mainly for ONGC. It is a company which provides oil field services for offshore exploration and production of hydrocarbons to the oil industry in India and abroad.
