Archive for the ‘ Aban Offshore ’ Category

Aban Offshore $55 Million Contract Malaysia

Two contracts secured for Deep Driller Aban Offshore Ltd. has received letters of intent for the deployment of the jackup rig Deep Driller 2 offshore Malaysia for two separate well programs. The first three-well program, with revenue of $17 million, has an estimated duration of 90 days in direct continuation of an existing contract. The [ READ MORE ]

Rig Market in India

A boom in exploration in India has tripled rig usage over the past four years, adding to a global shortage and causing delays in tapping natural gas off the Indian east coast. Transocean, the world’s largest offshore drilling company, may raise rig prices further after India completes the biggest auction of offshore blocks. With crude [ READ MORE ]

Rigs demand: Offshore support companies on rise

As the quest for discovering oil hidden deep under the sea bed gathers momentum, fortune of Indian companies engaged in providing offshore support solutions to oil exploration companies have been riding high on the bourses.  The biggest development in this sector was the announcement of NELP-VI in February 2006, under which a total of 55 [ READ MORE ]

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