Aban Offshore on Thursday said that a letter of award has been received for the deployment of jack-up rigs Aban-III and Aban-IV from ONGC for a firm period of three years each. The deployment is expected to commence during the financial year 2019-20.
The company, however, did not mention other details such as order size. Shares of Aban Offshore jumped 1.42 per cent at ₹71.45 on the BSE.