Aban Offshore

About Aban Offshore Limited

Established initially by late Mr. M. A. Abraham in the year 1986 as Aban Constructions, this company has been a part of the construction industry in the country. Aban Offshore Limited or A. O. L. was started in the same year post the encouragement of the entrepreneurs in the nation to offer offshore drilling facilities to O. N. G. C. (Oil and Natural Gas Corporation Limited).

The first contract of the company was launched in 1987. Driven by the aim of achieving long lasting success in the international market, this company develops enterprising, innovative, integrated and global quality services. Manned by highly experienced and qualified professionals, the company believes in offering an unparalleled value proposition.

Along with diverse services and modern technology, the proven experience of this I. S. O. 9001:2000 accredited company assures quality business to its clients in both national as well as international projects. With a strive to offer cost effective innovative solutions related to the offshore oil production and exploration, Aban Offshore Limited has got the following clients:

• Cairn Energy
• Exxon Mobil (Malaysia)
• Gujarat State Petroleum Corporation Limited (G. S. P. C.)
• Hardy Exploration and Production (India) Inc.
• Hindustan Oil Exploration Co. Limited
• Oil and Natural Gas Corporation Limited
• Oriental Oil Co. (Dubai)
• Petronas Carigali
• R. O. C. Oil
• Shell (Brunei, Malaysia and South East Asia)

Latest Financial Figures	(Figures in Rs. Crores)
ET 500 Rank(2011)	205
Industry	Oil Drilling And Exploration
Turnover	3373.2
Profit after Tax(PAT)	144.94
MCAP (Market Capitalization)	1697.65
Assets	15181.55

Products and Services of Aban Offshore Limited

As far as drilling oil is concerned, this company situated in Chennai in the state of Tamil Nadu does not know any boundary. Known for drilling in water levels ranging from 250 feet to 6, 000 feet, the company presently owns 20 offshore assets, which include the following:

• Tahara, which is a production platform (Floating)
• 2 Drill ships
• 15 Jack-up drilling rigs (Offshore)

Each of these rigs is fixed with a drive system that, apart from increasing productivity, reduces the costs related to business operations. To name a few of the vessels of this company in India, who deals with oil drilling, are:

Sl. No.	Type of Vessel	Name of Vessel	Maximum Water Depth	Year of Manufacturing
1	Jack-up Rigs	Aban II	250 feet	1981
2	Jack-up Rigs	Aban III	300 feet	1974
3	Jack-up Rigs	Aban IV	300 feet	1983
4	Jack-up Rigs	Aban V	300 feet	1982
5	Jack-up Rigs	Aban VI	250 feet	1975
6	Drill ship	Aban Ice	1, 000 feet	1959
7	F. P. U.	Tahara	50 - 800 feet	1973

Besides these products, the company is famous for offering varied offshore oil drilling services to the national clients as well as clients based across the globe. Some of the significant services provided by the company are as follows:

• Drilling services
• Exploratory services
• Hydro-carbon production
• Management and manning

This Chennai based company dealing with oil drilling services is even known for maintaining strict international standards, stringent safety standards and undertaking risk assessment.

Present Business Status

After the end of the 2nd Quarter of the financial year 2011 - 2012, the operational sector of this company earned revenue of around INR. 1329.710 million as compared to the Quarter 2 operational income of last year, which was INR. 3112.500 million. Other expenditure of the company even rose to INR. 428.416 million from INR. 240.879 million in the financial year 2010 – 2011.

Head Office Address

Aban Offshore Limited is headquartered at the address given below:

• Janpriya Crest
  # 113, Pantheon Road
  Egmore, Chennai - 600 008
  Tamil Nadu, India.
  Tel.: + 91 – 044 – 2819 5555

Last Updated on 1/4/2012