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Aban Offshore bags contract worth Rs 471 crore from ONGC

27 Mar 2017 Evaluate

Aban Offshore has received a Letter of Award (LoA) from ONGC for the charter hire of Drillship Aban ICE for a firm period of 3 years. The total value of this contract is around $72.365 Million (equivalent to Rs 471 crore). The deployment is expected to commence during the second quarter of calendar year 2017.

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

13.29 -0.24 (-1.77%)
10-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 245.00
Oil India 425.00
Jindal Drilling&Inds 604.85
Deep Industries 465.35
Asian Energy Service 333.40
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