Aban Offshore signs Rs 1,114 crore order with ONGC

Company to deploy two of its rigs for ONGC for 3 years

Offshore drilling firm Aban Offshore has said that it has received two firm orders worth $91.33 million (Rs 557 crore) each for the deployment of jack-up rigs for a period of three years.

The company today informed BSE that it has received Firm Order from ONGC for the deployment of jack-up rig Aban IV for a period of three years.

The total value of this order is approximately $91.33 Million (around Rs 557 crore). Contract is expected to commence during the first quarter of calendar year 2015.

The state-run company also hired jack-up rig Aban III from Aban Offshore for a period of three years. The total value of this firm order is approximately $91.33 Million (around Rs 557 crore). Contract is expected to commence during the first quarter of calendar year 2015.