Aban Offshore Scores ONGC Drillship Deal

Offshore drilling services provider Aban Offshore has been awarded a contract by the India’s Oil & Natural Gas Corporation (ONGC) for deployment of the drillship Aban Ice for a firm period of 3 years.

The total value of the letter of award is approximately $72.4 million (equivalent to INR 471 Crores).

This deal follows a previous 3-year charter hire from 2013 valued at some $185 million.

According to the company’s Bombay Stock Exchange filing, the Aban Ice is expected to start its contract during the second quarter of 2017.

The 183 meters long drillship, converted in 1975, is equipped for working at a water depth of 600 meters.

Subsea World News Staff

Share this article

Follow Subsea World News

Events>

<< Apr 2017 >>
MTWTFSS
27 28 29 30 31 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

3rd Deepwater East & Southern Africa Congress 2017

The past successful two series has gathered around 600 industrial professionals, while most of which thought this event informative and useful…

read more >

Offshore Technology Conference (OTC) 2017

The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific…

read more >

OFFSHORE WIND CONNECTIONS 2017

The focus of OWC2017 is on the Yorkshire and the Humber region, which is at the epicentre of the offshore wind industry, and where billions…

read more >

19th Asia Oil and Gas Conference (AOGC 2017)

A high level congregation that needs no introduction, the Event brings forth strategic discourses from global industry captains…

read more >