Aban Offshore Explained

Aban Offshore Ltd.
Former Name:	Aban Loyd Chiles Offshore Ltd. (1986–2006)
Type:	Public company
Traded As:
Founder:	M.A. Abraham
Location:	Chennai, Tamil Nadu, India
Key People:	Reji Abraham (Managing Director)
Industry:	Oilfield services
Services:	Drilling
Revenue:	(2021)
Operating Income:	(2021)
Net Income:	(2021)
Assets:	(2021)
Equity:	(2021)
Num Employees:	1,001-5,000 employees
Homepage:	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]}

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]}

Notes and References

1. Web site: Aban Loyd to buy 3 more jack-up rigs – Gets shareholders' nod to raise $100 m . Business Line.
2. Web site: Aban Loyd Chiles Offshore: Buy . The Hindu Business line.
3. Web site: Executive Profile, Reji Abraham . Bloomberg Businessweek.
4. Web site: Aban Offshore.
5. News: Aban Offshore reports consolidated net loss of Rs 193.85 crore in the September 2020 quarter . Business Standard India . 11 November 2020.
6. Web site: Aban Offshore Balance Sheet, Aban Offshore Financial Statement & Accounts. 2021-12-18. moneycontrol.com. en.