offshore | Udaipur Kiran

Aban Offshore completes acquisition of 100% interest in UK Continental Shelf Production License

17 Oct 2018 10:01 AM by Bhupendra Singh Chundawat

Aban Offshore has completed acquisition of 100% interest in a UK Continental Shelf Production License and sale of 50% interest in the same. Aban Offshore is engaged in the business of providing offshore drilling and production services. The Company’s operating segments include offshore oil drilling and production services, and wind power generation (Wind energy). It … Read more

Aban Offshore’s arm enters into conditional sale, purchase agreement

9 Oct 2018 11:07 AM by Bhupendra Singh Chundawat

Aban Offshore’s wholly owned step-down subsidiary has entered into a conditional sale and purchase agreement to acquire 100% interest in a United Kingdom (UK) Continental Shelf Production License comprising of 100% interest in two blocks in UK North Sea, for a non-cash consideration of $75 million. The consideration shall be set-off against amounts due from … Read more