Oilfield services firm Aban Offshore today said it has entered into an agreement with Husky Oil for leasing its jack up rig for a drilling operation in China.
In a filing to the Bombay Stock Exchange, Aban Offshore said that "...A letter of agreement has been signed with China-based Husky Oil in relation to the possible deployment of the jack-up rig."
The three-month contract would yield an estimated revenue of $38.70 million (Rs 178 crore) for Aban Offshore, the filing added.
The rig as per the new contract would be deployed in the first quarter of 2009.
Shares of Aban Offshore were trading at Rs 2,200, down by 5.32 per cent in the afternoon trade on the BSE.
