Aban Offshore has announced that a letter of agreement has been signed with Husky Oil China in relation to the possible deployment of the jack-up rig deep driller 5 offshore China for a 3 firm wells + 3 optional wells programme. Subject to the fulfillment of conditions, the estimated revenues from the firm period of the contract would be approximately US$ 38.70 million. The deployment is to commence in direct continuation of its present contract, which is expected in the first quarter of 2009.
The company made this announcement during the trading hours today, 26 September 2008.
Indian Stock Market
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