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Aban Offshore’s arm bags LoA from ONGC

03 Jul 2018 Evaluate

Aban Offshore’s step-down subsidiary, Aban Singapore has received a Letter of Award (LoA) from Oil and Natural Gas Corporation (ONGC) for deployment of jack-up rig Deep Driller 8 for a firm period of 2 years. The deployment is likely to commence during the fourth quarter of calendar year 2018. 

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 224.90
Oil India 443.80
Jindal Drilling&Inds 571.45
Deep Industries 745.50
Asian Energy Service 455.10
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