Aban Offshore's board has approved the proposed sale of rigs namely Aban V, Aban VI, Drillship Aban Ice and Floating Production Unit (FPU) Tahara owned by the Company and Aban VII, Deep Driller 3 and Drillship Aban Abraham owned by its subsidiary / stepdown subsidiaries to the prospective buyer(s) as may be decided in due course subject to the execution of definitive documents in relation to sale of such rigs.
The said proposal is subject to necessary approval of the Shareholders and other relevant authorities as may be required under applicable laws. The approval of the shareholder is being sought through an Extra Ordinary General Meeting to be held on 29th March 2021.
Source: Aban
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