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Aban Offshore inks contract to deploy jack-up rig Deep Driller 7

07 May 2013 Evaluate

Aban Offshore has signed a contract for the deployment of the jack-up rig Deep Driller 7 - owned by the company's step down subsidiary - Offshore Mexico for a firm period of 1005 days, ending December 31, 2015. The estimated revenue from the deployment is about $152 million (equivalent to approx Rs 828 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 222.70
Oil India 442.15
Jindal Drilling&Inds 586.50
Deep Industries 748.55
Asian Energy Service 465.75
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