Fossil Energy – Drilling
Indian offshore drilling contractor Aban Offshore has agreed to sell four offshore drilling rigs to ADES for $106 million in total.
The sale and purchase agreement between the parties were entered into on Wednesday, 13 April 2022.
The deal concerns the sale of rigs Deep Driller 2, Deep Driller 4, Deep Driller 5, and Deep Driller 6.
Each rig is owned by a separate step down subsidiary of the company.
The sale is expected to complete by 31 May 2022, the company said in a statement on Thursday, 14 April 2022.
The sale is subject to the approval of shareholders which is being sought through postal ballot process. The voting result will be disclosed on 26 April 2022.
Aban Offshore owns and operates several offshore drilling rigs, drill ships, and a floating production facility.
It is engaged in exploratory services, drilling services, production of hydrocarbons and manning and management.
