July 12, 2018
A Letter of Award has been received by a wholly owned step-down subsidiary of the Company for the deployment of three jack-up rigs owned by step-down subsidiaries of the Company, in the United Arab Emirates. While two of the above said jack-up rig deployments are for a firm period of four years each, the deployment of the third jack-up rig is for a firm period of three years and an optional period of two years. Two of the jack-up rigs are expected to commence deployment during the last quarter of calendar year 2018 and the third jack-up rig is expected to commence deployment during the first quarter of calendar year 2019.
July 3, 2018
We wish to inform our step-down subsidiary Aban Singapore Pte Ltd has received a letter of award from Oil and Natural Gas Corporation Limited for deployment of jack-up rig Deep Driller 8 for a firm period of 2 years. The deployment is likely to commence during the fourth quarter of calendar year 2018.