Aban Offshore receives LOA for deployment of jack-up rig Deep Driller 5

Aban Offshore has received letter of award (LOA) for the deployment of the jack-up rig Deep Driller 5, owned by the company's step down subsidiary, Offshore Vietnam, for a firm period of 1 year and an optional period of 1 year.

The estimated revenue from the deployment during the firm period is about $61.3 million and the contract is likely to commence during April 2014.

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.