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Aban Offshore extends date of completion of transaction for sale of Rigs and Drillship

The completion of the transaction for the sale of Rig Aban V, Aban VI, Aban VII, and Drillship Aban Abraham has been extended by one month to January 15, 2022.

December 16, 2021 12:38 IST | India Infoline News Service
Aban Offshore Limited has extended the date of completion of the transaction for the sale of Rig Aban V, Aban VI, Aban VII, and Drillship Aban Abraham to January 15, 2022.

“We had in our letter dated November 15, 2021, informed the date of completion of a sale of our above-mentioned Rigs as December 15, 2021. However, the transaction could not be completed. Hence the date of completion of the transaction stands extended to January 15, 2022,” the company said in a filing on Wednesday.

Rig Aban V and Aban VI are directly owned by the company while Aban VII owned by our step down subsidiary Aban VII Pte Ltd and Drillship Aban Abraham owned by our step down subsidiary Aban Abraham Pte Ltd.

Last Voyage OMCC, the buyer of Rigs and Drillship is in the business of Buying and selling vessels. They are not related to the promoter Group, company said.

At around 12.40 pm, Aban Offshore Ltd was trading at Rs49.80 per piece down by Rs0.55 or 1.09% from its previous closing of Rs50.35 per piece on the BSE.

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