Oilfield services firm Aban Offshore said it has entered into an agreement with Husky Oil for leasing its jack up rig for a drilling operation in China. The three-month contract would yield an estimated revenue of $38.70 million (Rs 178 crore) for Aban Offshore, the filing added. The rig as per the new contract would be deployed in the first quarter of 2009. Shares of Aban Offshore were trading at Rs 2,200, down by 5.32 per cent in the afternoon trade on the BSE.
Source: Business Standard