India: Aban Offshore Receives Letter of Intent for Jack-up Rig Deployment


Aban Offshore Ltd has informed BSE that a letter of intent has been received for the deployment of the jack-up rig Aban VII offshore India for a three firm wells plus one optional well programme.

The estimated revenue from the firm period of deployment (with an estimated duration of 120 days) is $10.5 million (equivalent to Rs 50 crore). The deployment is likely to commence during December 2010.

Aban Offshore Ltd. (formerly Aban Loyd Chiles Offshore Ltd.) is India’s largest offshore drilling services provider to oil companies, mainly for ONGC. It is now ventured into international waters as one of its five rigs is doing work for an Iranian oil company. The company listed on the Mumbai Stock Exchange Ltd,  Reji Abraham, Managing Director of Aban Loyd is the 605th richest man in the world and the richest man in Kerala, India.

The group has also ventured into construction, offshore and onshore drilling, wind energy and power generation, Information Technology enabled services, hotels and resorts, tea plantations and in marketing.

(The Hindu Business Line)

Source: thehindubusinessline, July 29, 2010:

Share this article

Follow Offshore Energy Today

3 thoughts on “India: Aban Offshore Receives Letter of Intent for Jack-up Rig Deployment”

  1. Pingback: Oil Spill News
  2. Pingback: World Spinner

Comments are closed.

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply