Aban Offshore (formerly Aban Loyd Chiles Offshore Ltd.) (), () is Indian multinational

offshore drilling Offshore drilling is a mechanical process where a wellbore is drilled below the seabed. It is typically carried out in order to explore for and subsequently extract petroleum that lies in rock formations beneath the seabed. Most commonly, the te ...

services provider headquartered in

Chennai Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

. Its services are mainly used by oil companies, especially for

ONGC The Oil and Natural Gas Corporation (ONGC) is a central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It is headquartered in New Delhi. ONGC was founded on 14 August 1956 by the ...

. It is now ventured into international waters as one of its five rigs is doing work for an

Iran Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmeni ...

ian oil company. The company listed on the Bombay Stock Exchange Ltd. The group has also ventured into construction, offshore and onshore drilling, wind energy and power generation,

Information Technology enabled services Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity which otherwise is or could be carried out internally, i.e. in-house, and sometimes involves transferring employees and ...

, hotels and resorts, tea plantations and in marketing.

Financials

In 2021, the company reported consolidated net loss of Rs 1972.53 crore.

References

External links

* {{Official website, http://www.abanoffshore.com/ Service companies of India Drilling rig operators Companies based in Chennai 1986 establishments in Tamil Nadu Indian companies established in 1986 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange