American Electric Technologies Powers Growing Indian Energy Market

Monday, April 21, 2008

American Electric Technologies, Inc., announced two projects with Aban Offshore Limited of .
Aban Offshore is 's largest offshore private drilling contractor and their twenty offshore drilling and production units places Aban among the top ten offshore drilling asset owners in the world. The contracts total just under $2m.
The scope of supply for the Aban VII and the Aban III jack-up retrofit projects include a complete new custom-designed, state-of-the-art, M&I Electric power and electrical system upgrade. These projects also provide for generator control and distribution switchgear systems as well as SCR drives and motor control systems. A customized driller control and mud pump console is also part of the customized upgrade package.
Aban VII is an offshore jack-up drilling rig located in 250 feet of water near that can drill to 20,000 feet. AETI delivered the Aban VII project at the end of 2007 and the project is worth approximately $1.1m. Aban III is an offshore jack-up drilling rig located in 300 ft. of water near . The jack-up rig can drill to 20,000 feet and this project is worth approximately $870,000. The upgrade is scheduled for delivery in April 2008. Both rigs provide living quarters for approximately 90 persons. Aban Offshore also operates rigs in , , , , and .

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