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News Update as at 18.00 hrs (IST)


Corporate
Aban Offshore arm gets contract from Myanmar co

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MUMBAI: Aban Offshore Ltd has informed the BSE that a subsidiary of the company has received a Letter of Award from PTTEP International Ltd for a three-well contract offshore Myanmar, for the jack-up drilling rig Deep Driller 5, with an estimated duratio n of four months.

This contract will be in continuation of the current contract with Cairn Energy Sangu Field Ltd. The estimated contract value is approximately $25 million. - Our Bureau

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