What we do Aban Offshore Ltd is India's largest private offshore drilling contractor providing exploration, drilling, and hydrocarbon production services globally. |
Founded in 1,986 |
Market share Largest offshore drilling contractor in India's private sector with global operations and expanding fleet. |
Problem solved Enables oil exploration and production offshore, addressing energy supply demands and operational efficiency. |
Top clients or who we serve Services major oil and gas companies including ONGC, Chevron; operates B2B in oil exploration and production sectors. |
Key management - |
Our journey and innovations Since 1986, expanded fleet from 2 rigs to 20 units; first contract with ONGC in 1987; global expansion via subsidiaries and acquisitions. |
Where we operate India, Americas, Rest of Asia, Middle East, Russia, Myanmar, and international offshore locations. |
Top products or what we offer Offshore drilling rigs, drill ships, floating production units, and drilling/manning services for oil exploration. |
Top brands Aban-I to Aban VIII rigs, Frontier Ice drill ship, Aban Pearl semi-submersible rig, and Tahara floating production facility. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily from long-term drilling contracts providing recurring income, with some cyclicality linked to oil sector investments. |
Our industry position Market leader in private offshore drilling in India with expanding international footprint and fleet capabilities. |
Financial highlights Consolidated revenue Rs 4756.55 million FY 2024-25; standalone profit Rs 1678.20 million; strong contract backlog with major oil firms. |
Geographical revenue split Revenue split approx. India 872 Cr, Americas 966 Cr, Rest of Asia 1515 Cr (2016 data); global operations ongoing. |
Order book - |
Whats driving growth New oil reserve discoveries fueling rig demand; strategic contracts with ONGC and international oil majors. |
Our future plans Focus on fleet modernization, international contracts, operational efficiency, and debt resolution strategies. |
Our green promise Efforts include wind energy subsidiaries, hybrid vehicles, solar power, and energy-efficient operational practices. |
Our people and values Strong focus on skilled manpower, managerial excellence, and maintaining ISO quality standards. |
Key challenges ahead Financial strain due to debt, cash flow constraints, and regulatory compliances amid volatile oil markets. |
Interesting facts First Indian private offshore driller to acquire US rigs in 1987 and expand internationally via Norwegian acquisitions. |
Risks and strategy Facing financial challenges; pursuing debt resolution and operational improvements to sustain and grow business. |
