Aban Offshore has received a Letter of Award (LoA) from ONGC for the charter hire of Drillship Aban ICE for a firm period of 3 years. The total value of this contract is around $72.365 Million (equivalent to Rs 471 crore). The deployment is expected to commence during the second quarter of calendar year 2017.
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). It is also engaged in the ownership and operation of wind turbines for generation of wind power in India.