Aban Offshore Limited
ABAN.NS
National Stock Exchange of India14.27
INR
-0.75
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Aban Offshore Limited
ABAN.NS
(National Stock Exchange of India)
Recent
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14.27
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Aban Offshore Limited is an India-based company primarily engaged in providing offshore drilling and production services to the oil and gas exploration, development, and production sector. The company offers a comprehensive portfolio that includes offshore drilling services utilizing drilling rigs and drill ships, production services for hydrocarbons, and manning and management services. It owns and operates seven offshore drilling rigs, drill ships, and a floating production facility named 'Tahara'. In addition to offshore drilling, Aban Offshore is involved in the ownership and operation of wind turbines for renewable energy generation in India. The company serves both domestic and international markets, with a focus on oil and gas exploration companies. It operates through multiple subsidiaries including Aban Energies Limited, Aban Holdings Pte Ltd, Aban Singapore Pte Ltd, Aban Abraham Pte Ltd, Aban 7 Pte Ltd, Aban International Norway AS, among others. Founded in 1986, Aban Offshore is headquartered in Tamil Nadu, India. Recent major developments include the company undergoing a Corporate Insolvency Resolution Process (CIRP) as of 2025, reflecting financial restructuring efforts. Over the past two years, Aban Offshore has taken strategic operational measures such as the sale of nine idle rigs to optimize fixed costs and improve operational efficiency. The company has also experienced management changes including resignations at the director and CFO levels in 2025. Despite earlier declines in fleet utilization and negative margins linked to pandemic impacts on the oil and gas sector, Aban Offshore has seen improving operating margins post restructuring and asset optimization. The company continues to focus on stabilizing its financial performance amid these operational reforms, while maintaining its core offshore drilling and production services alongside wind power generation activities. Aban Offshore operates in the specialized offshore oil and gas industry segment, targeting exploration and production companies. Its strategic footprint spans India and international markets, with operational bases and subsidiaries overseas. The company is a part of the larger Aban Group and has historically collaborated with international offshore drilling companies to enhance its technical expertise and market reach. Aban Offshore remains a key private player in India’s offshore drilling industry with a diversified energy service portfolio.