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Aban Offshore’s arm enters into contract with Brunei Shell Petroleum Company

23 Jun 2017 Evaluate

Aban Offshore’s step-down subsidiary has entered into a contract with Brunei Shell Petroleum Company for the deployment of the jack-up rig Deep Driller 5 (DD5) offshore Brunei Darussalam for a firm period of 5 years followed by 3 optional periods of one year each. The deployment is likely to commence during the last 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.


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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