Aban Offshore

Aban Offshore (formerly Aban Loyd Chiles Offshore Ltd.) (BSE: 523204), (NSE: ABAN) is India's largest offshore drilling services provider to oil companies, mainly 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]

Aban Offshore
TypePublic company (BSE: 523204) (NSE: ABAN)
IndustryOilfield services
Founded1986
HeadquartersChennai, Tamil Nadu, India
Key people
Reji Abraham, Managing Director
ServicesDrilling
Revenue₹279.67 billion (US$3.9 billion) (2017)
Websiteabanoffshore.com

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.

In 2020, the company reported consolidated net loss of Rs 193.85 crore in third quarters results.[4]

Management

The company management includes P. Murari – Chairman, Reji Abraham – Managing Director, P. Venkateswaran – Deputy Managing Director, C. P. Gopalkrishnan – Deputy Managing Director, K. Bharathan – Director, Ashok Kumar Rout – Additional Director.[5]

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 reports consolidated net loss of Rs 193.85 crore in the September 2020 quarter". Business Standard India. 11 November 2020.
  5. "Aban Offshore".
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