Aban Offshore Ltd - Company Profile
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Aban Offshore Ltd (AOL) is an offshore drilling company. It offers offshore drilling and oilfield services to companies which carry out the exploration, development and production of oil and gas both in domestic and international markets. The company’s service portfolio includes drilling services, exploratory services, production of hydrocarbons, and manning and management services. It owns and operates rig fleet, including jack-up rigs, drill ships and floating production unit (FPU). The company also owns and operates wind turbines for wind power generation in India. It has operations in UAE, Norway, Singapore, Mexico and Malaysia. AOL is headquartered in Chennai, Tamil Nadu, India.
Headquarters
India
Address
113, Janpriya Crest, Pantheon Road, Egmore, Chennai, Tamil Nadu, 600008
Website
www.abanoffshore.com
Telephone
91 44 28195555
No of Employees
418
Industry
Energy and Utilities
Ticker Symbol & Exchange
ABAN (NSE)
Revenue (2024)
$56.8M
19%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
32.5%
(2024 vs 2023)
Market Cap*
$8.6M
Net Profit Margin (2024)
XYZ
43.3%
(2024 vs 2023)
* As of and is in US$
Aban Offshore Ltd premium industry data and analytics
Products and Services
| Services |
|---|
| Exploration |
| Drilling |
| Manning and Management Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Asset Disposal | In May, the company announced the sale of its Floating Production unit Tahara. |
| 2022 | Contracts/Agreements | In June, AOL's subsidiary entered into an agreement to sell Deep Driller 7 jack-up drilling rig to Shelf Drilling for US$30 million. |
| 2021 | Contracts/Agreements | In November, the company entered into a contract with ONGC for 4 jackup rigs and one drillship. |
Competitor Comparison
| Key Parameters | Aban Offshore Ltd | Jindal Drilling & Industries Ltd | Deep Energy Resources Ltd | Global Offshore Services Ltd | Garware Marine Industries Limited |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Chennai | Gurugram | Ahmedabad | Mumbai | Mumbai |
| State/Province | Tamil Nadu | Haryana | Gujarat | Maharashtra | Maharashtra |
| No. of Employees | 418 | 649 | 3 | 16 | 152 |
| Entity Type | Public | Public | Private | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| P Venkateswaran | Chairman | Executive Board | 2024 | 76 |
| C. P. Gopalkrishnan | Chief Financial Officer; Deputy Managing Director; Director | Executive Board | 2021 | - |
| Reji Abraham | Director; Managing Director | Executive Board | 2022 | - |
| S.N. Balaji | Deputy General Manager - Legal; Secretary | Senior Management | - | - |
| Subhashini Chandran | Director | Non Executive Board | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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