Aban Offshore bags Rs1,133 cr contract in Malaysia

Aban Offshore bags Rs1,133 cr contract in Malaysia


Mumbai: Drilling and oil field services provider Aban Offshore today said it has secured a contract worth $241 million (about Rs1,133 crore) in Malaysia for deployment of rig deep driller.

“.. A letter of award has been received for the continued deployment of the rig dip driller 3 offshore Malaysia for a four-year period in direct continuation of its present contract," Aban Offshore said in a filing to the Bombay Stock Exchange.

Last month, the company has entered into an agreement with Husky Oil for leasing its jack up rig for a drilling operation in China.

The three-month contract would yield an estimated revenue of Rs38.70 million (Rs178 crore) for Aban Offshore, the company had announced in its earlier filing with the BSE.

Shares of the company were trading at Rs1,945, down 4.68% on the BSE.