Aban Offshore receives LoA for deployment of jack-up rigs

24 Jan 2019

Aban Offshore has received a Letter of Award (LoA) from Oil and Natural Gas Corporation (ONGC) for the deployment of jack-up rigs ‘ABAN III and ABAN IV’ for a firm period of three years each. The deployment is expected to commence during the financial year 2019-20.

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.

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Aban Offshore Share Price

28.05 -1.15 (-3.94%) Nov 18, 18:01
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Peers
Company Name CMP
ONGC 133.90
Oil India 159.25
Aban Offshore 28.05
Deep Industries 102.50
Hind Oil Exploration 94.00
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SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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