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Aban Offshore inks contract for deployment of jack-up rig Deep Driller 7

08 May 2012 Evaluate

Aban Offshore has signed contract for the deployment of the jack-up rig Deep Driller 7, owned by company's step down subsidiary for a firm period of 180 days. The estimated revenue from the deployment is about $26.46 million. The deployment is likely to commence during May 2012.

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.

Peers
Company Name CMP
ONGC 234.55
Oil India 455.10
Jindal Drilling&Inds 529.65
Deep Industries 648.90
Asian Energy Service 407.05
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