MUMBAI 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)
Trending On Reuters
Uber vs Ola
A flurry of complaints from Uber drivers about an unusually high number of cancelled bookings was the spark that ignited a bitter legal fight with Ola, Uber's rival for dominance of India's $12 billion taxi market, according to court documents and a source with direct knowledge of Uber's case. Article