- 643, Tiruvottiyur High Road, Tsr Nagar, Tiruvottiyur, Chennai, Tamil Nadu 600019, India
The Group took giant strides into newer arenas of operation like the execution of high-pressure systems and cross-country pipelines for refineries and fertilizer and petrochemical industries. Inevitably, Aban ventured into the high-powered domains of drilling, power generation and IT Enabled Services (ITES).
Aban Offshore Limited (AOL) was established in 1986 when Indian entrepreneurs were encouraged to provide offshore drilling services to the Oil and Natural Gas Corporation Ltd. (ONGC) to meet the growing needs of a vibrant economy. AOL launched its first contract drilling service to the ONGC in 1987 with two modern jack-up drilling rigs acquired from the USA.
By the 1990s, many private sector companies in India chose to exit the drilling business. However, AOL preferred to increase its focus on the sector with newer rigs, acquisitions and mergers.
- 1993: Fleet Addition
AOL purchases a 300-ft. jack-up rig from Mahindra & Mahindra Ltd.
- 2000 – 2001: Hitech Acquisition
AOL acquires Hitech Drilling Services (India) Ltd., belonging to the Tata Group, boosting AOL’s fleet to four rigs. This also enables AOL to enter the FPSO business with the FPU ‘Tahara’ owned by Hitech.
- 2005: Fleet Addition
AOL adds two jack-up rigs (Aban V and Aban VI) and a drill ship (Frontier Ice).
- 2005: International Expansion
In line with its global expansion strategy, AOL launches Aban Singapore Pte Ltd. (ASPL) in November as its vehicle for international operations. ASPL, in turn, sets up 3 SPVs as step down subsidiaries, each equipped with a rig or drill ship.
- 2006: Sinvest Acquisition
ASPL acquires a 33.7% stake in Sinvest ASA, a Norwegian company with eight new premium jack-ups on order. ASPL subsequently completes the acquisition in stages, including a mandatory offer to all shareholders.
AOL currently possesses twenty offshore drilling and production units spiraling us to a prestigious position among the top ten offshore drilling asset owners in the world.
We are driven by a vision to achieve far-reaching success in every field by developing innovative, integrated, enterprising and world-class services for the global market.
Aban believes in providing its clients an unmatched value proposition, through its proven experience, modern technology and diverse range of services.
The operations are manned by a powerful team of well qualified and highly experienced professionals with a rich proven track record of achievement and experience in both Indian and international projects.
With us, quality assurance and quality systems have been accorded the highest priority and today Aban is ISO 9001:2000 accredited.
Our mission is to be at the forefront, in the fiercely competitive business environment of today, through our managerial, technical and operational excellence, range of services and skilled manpower.
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