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Aban Offshore’s arm gets LoA from ONGC

17 Nov 2021 Evaluate

Aban Offshore’s step down subsidiary company -- Aban Singapore has received Letter of Award (LOA) from Oil and Natural Gas Corporation (ONGC) for the deployment of jack- up rig Aban VIII for a firm period of three years. The deployment is likely to commence during second quarter of calendar year 2022.

Aban Offshore is India’s largest drilling entity in the private sector offering world class drilling and other services. Aban Offshore 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 234.55
Oil India 455.10
Jindal Drilling&Inds 529.65
Deep Industries 648.90
Asian Energy Service 407.05
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