Aban Offshore Ltd.
FormerlyAban Loyd Chiles Offshore Ltd. (1986–2006)
TypePublic company (BSE: 523204) (NSE: ABAN)
BSE: 523204
NSE: ABAN
IndustryOilfield services
Founded1986 (1986)
FounderM.A. Abraham
HeadquartersChennai, Tamil Nadu, India
Key people
Reji Abraham
[Managing Director]
ServicesDrilling
RevenueDecrease ₹1,326.62 crore (US$170 million) (2021)
Decrease ₹−886.52 crore (US$−110 million) (2021)
Decrease ₹−1,972.53 crore (US$−250 million) (2021)
Total assetsDecrease ₹4,619.29 crore (US$580 million) (2021)
Total equityDecrease ₹−16,822.76 crore (US$−2.1 billion) (2021)
Websiteabanoffshore.com

Aban Offshore (formerly Aban Loyd Chiles Offshore Ltd.) (BSE: 523204), (NSE: ABAN) is Indian multinational offshore drilling services provider headquartered in Chennai, India. Its services are mainly used by oil companies, especially 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][4]

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.

Financials

In 2021, the company reported consolidated net loss of Rs 1972.53 crore.[5][6]

References

  1. ↑ "Aban Loyd to buy 3 more jack-up rigs – Gets shareholders' nod to raise $100 m". Business Line.
  2. ↑ "Aban Loyd Chiles Offshore: Buy". The Hindu Business line.
  3. ↑ "Executive Profile, Reji Abraham". Bloomberg Businessweek.
  4. ↑ "Aban Offshore".
  5. ↑ "Aban Offshore reports consolidated net loss of Rs 193.85 crore in the September 2020 quarter". Business Standard India. 11 November 2020.
  6. ↑ "Aban Offshore Balance Sheet, Aban Offshore Financial Statement & Accounts". moneycontrol.com. Retrieved 18 December 2021.
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