Cairn Contracts Aban II for Ravva Work

Aban Offshore has signed a contract with Cairn Energy India for the deployment of the jack-up rig Aban II in Ravva block, located offshore east coast of India, for a 5 firm well plus 2 optional well programmed. Cairn Energy India Pty Ltd in Joint Venture with ONGC, Videocon and Ravva Oil operates the Ravva block. The estimated revenues from the firm period of the Contract (with an estimated duration of 150 days) is USD 15 million (equivalent to approximately Rs. 69.75 crores). The deployment is likely to commence during the fourth quarter of calendar year 2010.

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