Aban Offshore Ltd has signed a contract for the deployment of 3 new build jack-up rigs (from the Deep Driller series) in the Middle East for a period of 3 years each.
The estimated revenue from the contract is approximately US $603 million (equivalent to Rs 2925 crore), Aban Offshore said in a statement to the Bombay Stock Exchange (BSE). The deployment is likely to commence in the third quarter of 2009.
Further, a contract has been signed for the deployment of a new build jack-up rig (from the Deep Driller series) in Latin America for a period of 25.5 months (Twenty Five and a half months). The estimated revenue from the contract is approximately US $92 million (equivalent to Rs 446 crore). The deployment is likely to commence in the third quarter of 2009.