Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Aban Offshore has informed that a wholly owned step-down subsidiary of the Company has entered into a conditional sale and purchase agreement to acquire 100% interest in a United Kingdom (UK) Continental Shelf Production License comprising of 100% interest in two blocks in UK North Sea, for a non-cash consideration of USD 75 million. The consideration shall be set-off against amounts due from certain customers to another wholly owned step-down subsidiary of the Company for drilling services provided.
The above information is a part of company’s filings submitted to BSE.
