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Aban Offshore informs about updates on subsidiary company

25 Jun 2016 Evaluate

Aban Offshore has informed that a step down subsidiary of the Company has received a Firm Letter of Award from ONGC for the deployment of the Drillship Aban Abraham for a firm period of 2 years. The expected revenue from this deployment is estimated at USD 87 Million (equivalent to INR 592 Crores). The deployment is expected to commence during the fourth quarter of calendar year 2016.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
ONGC 235.90
Oil India 467.10
Jindal Drilling&Inds 588.80
Deep Industries 762.85
Asian Energy Service 489.30
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