Aban Offshore

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Aban Offshore
TypePublic company (BSE: 523204) (NSE: ABAN)
IndustryOilfield services
Founded1986
HeadquartersChennai, Tamil Nadu, India
Key people
Reji Abraham
[Managing Director]
ServicesDrilling
RevenueDecrease ₹1,326.62 crore (US$180 million) (2021)
Decrease ₹−886.52 crore (US$−120 million) (2021)
Decrease ₹−1,972.53 crore (US$−260 million) (2021)
Total assetsDecrease ₹4,619.29 crore (US$610 million) (2021)
Total equityDecrease ₹−16,822.76 crore (US$−2.2 billion) (2021)
Websiteabanoffshore.com

Aban Offshore (formerly Aban Loyd Chiles Offshore Ltd.) (BSE: 523204), (NSE: ABAN) is Indian multinational offshore drilling services provider headquartered in Chennai, India. Its services are mainly used by oil companies, especially for ONGC. It is now ventured into international waters as one of its five rigs is doing work for an Iranian oil company. The company listed on the Bombay Stock Exchange Ltd.[1][2][3][4]

The group has also ventured into construction, offshore and onshore drilling, wind energy and power generation, Information Technology enabled services, hotels and resorts, tea plantations and in marketing.

Financials[]

In 2021, the company reported consolidated net loss of Rs 1972.53 crore.[5][6]

References[]

  1. ^ "Aban Loyd to buy 3 more jack-up rigs – Gets shareholders' nod to raise $100 m". The Hindu Business line.
  2. ^ "Aban Loyd Chiles Offshore: Buy". The Hindu Business line.
  3. ^ "Executive Profile, Reji Abraham". Business Week.
  4. ^ "Aban Offshore".
  5. ^ "Aban Offshore reports consolidated net loss of Rs 193.85 crore in the September 2020 quarter". Business Standard India. 11 November 2020.
  6. ^ "Aban Offshore Balance Sheet, Aban Offshore Financial Statement & Accounts". www.moneycontrol.com. Retrieved 18 December 2021.

External links[]

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