Aban Offshore’s jack-up rig ‘Deep Driller 1’ contract has been further renewed for a period of one year. The estimated revenues from this additional period of 1 year would be approximately $39.25 million. The operator with whom the contract has been entered into for the deployment of the jack-up rig has exercised his option, pursuant to which the contract got extended till the 4th quarter of 2012. Deep Driller 1 is wholly owned by company's step down subsidiary.
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.
| Company Name | CMP |
|---|---|
| ONGC | 283.95 |
| Oil India | 470.10 |
| Jindal Drilling&Inds | 540.15 |
| Deep Industries | 476.90 |
| Asian Energy Service | 306.05 |
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