Aban Offshore Ltd has announced that a Letter of Intent has been received from a leading operator for the deployment of the jack-up rig Deep Driller 2 offshore Malaysia for a 3 well programme. The estimated revenues from the Contract (with an estimated duration of approx. 90 days) is approx. USD 17 million. The deployment is to commence in direct continuation of its present contract, which is expected in July 2008.
A Letter of Intent has been received from another leading operator for the deployment of the jack-up rig Deep Driller 2 offshore Malaysia for a 6 firm well plus one optional well programme. The estimated revenues from the Contract (with an estimated duration of approx. 210 days) is approx. USD 38 million. The deployment is to commence in direct continuation of the programme mentioned in the previous paragraph.
The stock was trading at Rs.3165.10, up by Rs.8.95 or 0.28%. The stock hit an intraday high of Rs.3239 and low of Rs.3161.
The total traded quantity was 30980 compared to 2 week average of 68102.
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