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Aban Offshore updates on wholly owned step down subsidairy

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Deep Drilling 1 to amend bond agreement

Aban Offshore announced that Deep Drilling 1 (DD1PL), a wholly owned step down subsidiary of the Company, on 07 October2015 announces that DD1PL is considering certain amendments to the bond agreement dated 20 December 2011. Such amendments will include, but is not limited to the extension of the tenor of the bonds. DD1PL has appointed Pareto Securities to assist them in this process.

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First Published: Oct 07 2015 | 8:02 PM IST

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