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Aban Offshore’s arm bags LoA for deployment of jack-up rig in Offshore, Malaysia

27 Sep 2018 Evaluate

Aban Offshore’s step-down subsidiary has received a Letter of Award (LoA) for the deployment of jack-up rig ‘ABAN VIII’ in Offshore, Malaysia for a period of one year with six extension options of three months each. The deployment is expected to commence during the last 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 235.90
Oil India 467.10
Jindal Drilling&Inds 588.80
Deep Industries 762.85
Asian Energy Service 489.30
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