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Aban Offshore’s arm receives Letter of Award from ONGC

25 Jun 2016 Evaluate

Aban Offshore’s step down subsidiary 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 $87 Million (equivalent to Rs 592 crore). The deployment is expected to commence during the fourth quarter of calendar year 2016.

Aban Offshore is engaged in the business of providing offshore drilling and production services. The Company's operating segments include offshore oil drilling and production services, and wind power generation (Wind energy). It is also engaged in the ownership and operation of wind turbines for generation of wind power in India.

Aban Offshore Share Price

20.07 0.00 (0.00%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 283.95
Oil India 470.10
Jindal Drilling&Inds 540.15
Deep Industries 476.90
Asian Energy Service 306.05
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