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Aban Offshore inks contract to deploy jack-up rig Deep Driller 1

10 May 2013 Evaluate

Aban Offshore has been signed contract for the deployment of jack-up rig Deep Driller 1 (owned by the Company's step down subsidiary) Offshore Mexico for a firm period of 1115 days. The estimated revenue from the deployment is about $ 177 million (equivalent to approx. Rs. 955 crore). The Contract is likely to commence during July 2013.

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 226.00
Oil India 453.50
Jindal Drilling&Inds 495.90
Deep Industries 668.65
Asian Energy Service 408.80
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