aban Offshore Limited

lickforkabsorbingOil and Offshore

Nov 8, 2013 (3 years and 9 months ago)

218 views

INDIA’S TOP 500 COMPANIES
261
Company Financials rs mn
Total Income
Net Profit
Net Worth
EBITDA
ratios %
ROCE
NPM
RONW
EBITDA Margin
Company details






top 500 ranking
income net Profit net Worth
d&B d-U-n-S® no
d&B d-U-n-S® no
Company Financials rs mn
Total Income
Net Profit
Net Worth
EBITDA
ratios %
ROCE
NPM
RONW
EBITDA Margin
Company details






top 500 ranking
income net Profit net Worth


















aban Offshore Limited
Specialises in offshore oil drilling
Background
Aban Offshore Ltd (Aban Offshore), formerly known as Aban Loyd Chiles Offshore Ltd,
was established in the year 1986. It is the flagship company of Aban Group. In 2000-
2001, the company acquired Hitech Drilling Services (India) Ltd. In 2005, the company set
up a subsidiary Aban Singapore Pte Ltd. In 2006, the company acquired 33.7% stake in
Norweign-based Sinvest ASA. Aban Offshore is primarily engaged in offshore oil drilling
and production services and wind power generation.
Business Profile
Aban Offshore provides drilling services in areas of shallow to deep water, offshore
exploration and production of oil and gas sector worldwide. The company’s portfolio
of rigs consists of four mid and deep water rigs, 15 shallow water rigs and one
floating production unit. Some of the company’s prominent clients include ONGC, RIL,
Shell Brunei, Shell Malaysia, Hardy Exploration & Production (India) Inc, Hindustan Oil
Exploration Company Ltd, Cairn Energy and Petronas Carigali SDN BHD among others. In
FY09, the company took delivery of four new rigs and entered into a contract for various
rigs namely - Deep Driller 2, Deep Driller 3, Deep Driller 5 Deep Driller 7, Deep Driller 8,
Deep Venture, Aban Pearl of subsidiaries. During the same year, the company’s wind
energy division generated 34.6 mn units of power.
Bankers
Alhd Bank, Axis Bank, BoB, BoI, Canara,
CorpnBank, DBS, DnB NoR BANK ASA,
Exim, ICICI Bank, IDBI Bank, Indian Bank,
IOB, OBC, PNB, SBH, SB Indore,
SB Mysore, SCB, SBI, Syndicate, UCO
Auditors
Ford, Rhodes, Parks & Co
Registered Office
Janpriya Crest
113 Pantheon Road
Egmore
Chennai - 600008
TN
Website
www.abanoffshore.com

12,295.9
2,597.6
12,451.8
7,578.1

15.4
21.1
20.9
61.6
(As on Mar 31, 2009)

Business Operation
Offshore oil drilling and production
services, wind power generation
Chairperson
VS Rao
Managing Director
R Abraham
Company Secretary
CP Gopalkrishnan


304 144 170
65-012-0512
Great Offshore Limited
In July 2009, took delivery of a new built Tug POLARI
Background
Great Offshore Ltd (Great Offshore) initially commenced its operations in 1983 as a part of
the GE Shipping. It was incorporated as a separate entity in July 2005 with the demerger
of GE’s offshore services business. Great Offshore is mainly engaged in providing offshore
oilfield services to companies engaged in E&P activities.
Business Profile
Great Offshore’s business activities include offshore drilling, logistic support, marine
engineering services and port & terminal support. Its offshore drilling services include
charter hire of drilling services with two offshore drilling units. The logistic supports services
include production support, diving support, supply duties for personnel and materials,
towing, mooring, rig moving, emergency response/rescue and fire fighting operations.
Under its marine engineering business, it owns and operates the construction barge Gal
Constructor and also provide activities related to project management, pre-engineering
surveys, design & detailed engineering, procurement, fabrication, transportation, offshore
installation and hook-up & commissioning. As on Mar 31, 2009, the company had a fleet
of 41 vessels comprising of 2 drilling units, a construction barge, 27 offshore support
vessels and 11 harbour tugs. In FY09, the company acquired two companies involved
in maritime services business KEI- RSOS Maritime Ltd and Rajamahendri Shipping and
Oilfield Services Ltd.
Bankers
ABN, ICICI Bank, Deutsche, SBI, PNB,
IDBI Bank, Axis Bank,
Auditors
Kalyaniwalla & Mistry
Ashok Kapadia & Co
Registered Office
Energy House
81, Dr. DN Road
Mumbai - 400001
Maharashtra
Website
www.greatoffshore.com

9,528.2
2,111.0
6,926.3
4,192.6

12.1
22.2
30.5
44.0
(As on Mar 31, 2009)

Business Operation
Offshore drilling, logistic support,
marine engineering services, port &
terminal support
Chairperson
SJ Parekh
Company Secretary
R Narayanan


385 162 264
65-024-3020