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Aban Offshore bags order worth Rs 800 crore for deployment of jack-up rig

08 Oct 2012 Evaluate

Aban Offshore has received a letter of award for the deployment of the jack-up rig Deep Driller 3 (owned by the company’s step down subsidiary) offshore Malaysia, from Petronas Carigali Sdn. Bhd., for a firm period of three years. The estimated revenue from the deployment is about $152.75 million equivalent to Rs 800 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.

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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