Aban Offshore

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Aban Offshore Ltd.
FormerlyAban Loyd Chiles Offshore Ltd. (1986–2006)
Company typePublic company
BSE:  523204
NSE:  ABAN
Industry Oilfield services
Founded1986;38 years ago (1986)
FounderM.A. Abraham
Headquarters Chennai, Tamil Nadu, India
Key people
Reji Abraham (Managing Director)
ServicesDrilling
RevenueDecrease2.svg1,326.62 crore (US$160 million) (2021)
Decrease2.svg−886.52 crore (US$−110 million) (2021)
Decrease2.svg−1,972.53 crore (US$−240 million) (2021)
Total assets Decrease2.svg4,619.29 crore (US$550 million) (2021)
Total equity Decrease2.svg−16,822.76 crore (US$−2.0 billion) (2021)
Number of employees
1,001-5,000 employees
Website abanoffshore.com

Aban Offshore (formerly Aban Loyd Chiles Offshore Ltd.) is Indian multinational offshore drilling services provider headquartered in Chennai. Its services are mainly used by oil companies, especially for ONGC. The company listed on the Bombay Stock Exchange. [1] [2] [3] [4]

Contents

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]

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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.[ dead link ]
  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.