Aban Offshore Updates on hiring of rig by GSPC

Aban Offshore Ltd has announced that the Company's subsidiary Deep Drilling 1 Pte Ltd has received a Letter of Award from Gujarat State Petroleum Corporation Ltd (GSPC) for Charter Hire of the Rig Deep Driller 1 for a firm period of 2 years with 2 options of 6 months each thereafter at mutually agreeable rates. The contract to be performed in continuation of the contract with Hardy Oil, is expected to result in revenues of approx. USD 141 Million during the firm period.

Source : Equity Bulls

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