Deep Driller 4 Lines Up Work

Aban Offshore Ltd has received a letter of award from a leading E&P Company in South Asia for deployment of the newbuild jackup Deep Driller 4, for a firm period of 12 months with two options to the operator for a period of 6 months each. The estimated revenues for the firm period of deployment would be approximately US $80 Million, including mobilization and demobilization. The contract is expected to start during the fourth quarter of the year.

The Deep Driller 4 was built at PPL Shipyard in Singapore and is a Baker Marine Pacific Class 375 jackup. The rig has a rated water depth of 375' and a rated drilling depth of 30,000'.

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