Aban Offshore Subsidiary Receives LOA For Deployment Of Three Jack-up Rigs In UAE
Aban Offshore Limited informs that a Letter of Award (LOA) has been received by a wholly owned step-down subsidiary of the Company for the deployment of three jack-up rigs owned by step-down subsidiaries of the Company, in the United Arab Emirates (UAE). While two of the above said jack-up rig deployments are for a firm period of four years each, the deployment of the third jack-up rig is for a firm period of three years and an optional period of two years. Two of the jack-up rigs are expected to commence deployment during the last quarter of the calendar year 2018 and the third jack-up rig is expected to commence deployment during the first quarter of the calendar year 2019.
- Bagged By:
- Country:United Arab Emirates
- Industry:Petroleum & Natural Gas
- Published On:2018-07-12