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Aban Offshore’s arm receives NoA from ONGC

12 Jan 2023 Evaluate

Aban Offshore’s step down subsidiary -- Aban Singapore has received a Notification of Award (NoA) from ONGC for the charter hire of Jack-up rig Aban IV for a firm period of 3 years. The deployment is expected to commence during the fourth quarter of the Calendar year 2023.

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 235.90
Oil India 467.10
Jindal Drilling&Inds 588.80
Deep Industries 762.85
Asian Energy Service 489.30
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