Aban Offshore bags contract worth Rs 325 crore from ONGC

Aban Offshore bags contract worth Rs 325 crore from ONGC

The company has received a letter of award from ONGC for deployment of jack-up rig Aban II for a period of 3 years
Aban Offshore has received a letter of award from ONGC for deployment of jack-up rig Aban II for a period of 3 years. The total value of this firm order is approximately USD 50 Million (equivalent to Rs 325 crore). The contract is expected to commence during the first quarter of calendar year 2016.

Aban Offshore is engaged in the business of providing offshore drilling and production services. The Company's operating segments include offshore oil drilling and production services, and wind power generation (Wind energy).
source:ventura