Aban Offshore wins contracts with $695 mln revenue

MUMBAI Wed Aug 26, 2009 8:31am IST

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MUMBAI (Reuters) - Aban Offshore Ltd said on Tuesday it expects revenue of $695 million from two contracts it signed for deploying four rigs.

The first contract, with an estimated revenue of $603 million, is for deploying three jack-up rigs in the Middle East for three years, the company said in a statement to NSE.

Another contract, with an estimated revenue of $92 million, is for deploying a jack-up rig in Latin America, it said.

The rig deployments will commence in the third quarter of 2009, it said.

(For more news on Reuters Money click in.reuters.com/money)

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