Aban Offshore has signed a Letter of Agreement with Husky Oil China Ltd for the deployment of the jack-up rig Deep Driller 5 offshore China for a 3 firm wells along with 3 optional wells programme.
Subject to the fulfillment of conditions, the estimated revenues from the firm period of the Contract (with an estimated duration of approx 180 days) would be approx. USD 38.70 million (Equivalent to Rs 178 Crores).
The deployment is to commence in direct continuation of its present contract, which is expected in the first quarter of 2009
Subject to the fulfillment of conditions, the estimated revenues from the firm period of the Contract (with an estimated duration of approx 180 days) would be approx. USD 38.70 million (Equivalent to Rs 178 Crores).
The deployment is to commence in direct continuation of its present contract, which is expected in the first quarter of 2009
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