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Aban Offshore shines on entering into a contract to deploy jack-up rig ‘Aban VII’

17 Jul 2012 Evaluate

Aban Offshore is currently trading at Rs. 427.65, up by 7.15 points or 1.70% from its previous closing of Rs. 420.50 on the BSE.

The scrip opened at Rs. 425.65 and has touched a high and low of Rs. 427.95 and Rs. 424.50 respectively. So far 25,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 571.50 on 17-Feb-2012 and a 52 week low of Rs. 320.00 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 432.55 and Rs. 413.30 respectively. The current market cap of the company is Rs. 1,859.00 crore.

The promoters holding in the company stood at 54.11% while Institutions and Non-Institutions held 11.43% and 34.46% respectively.

Aban Offshore has entered into a contract for the deployment of the jack-up rig ‘Aban VII’, owned by the wholly owned step down subsidiary of the company, offshore India for two firm well plus a three optional well programme. The estimated revenues during the firm period estimated 9 months duration from July, 2012 of the contract is $18.550 million equivalent to Rs 102 crore.

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.

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
View more..

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