Aban Secures $329M In 2 Mexico Offshore Rig Contracts

Law360, New York (May 10, 2013, 3:58 PM EDT) -- Aban Offshore Ltd. has reached agreements on two charter contracts for its offshore rig units in Mexico for roughly three years each, worth a combined $329 million, the Indian oil and gas services firm said in a stock exchange filing Friday.

Aban's Deep Driller 1 will be contracted out for a fixed term period of 1,115 days — about three years and one month — for a total cash consideration of $177 million, according to the Indian firm's filing with the National Stock Exchange of India....
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