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Aban Offshore Ltd. (formerly Aban Loyd Chiles Offshore Ltd.) Aban Offshore Limited (AOL) and its subsidiaries chief of them is Aban Singapore Pte Ltd. (ASPL) registered in Singapore owns and operates eighteen (18) offshore drilling and production assets and is among the top offshore drilling contractors in the world in terms of assets owned. Aban as a group has grown in the last 40 years. Tracing its roots from Oil & Gas Pipeline construction, the group is now a large diversified entity focusing on energy.
Aban’s History
The ABAN Group was conceived as a little designing firm in Chennai, Aban Constructions, set up by late Mr. M. A. Abraham in 1965. A visionary, Mr. M. A. Abraham started his vocation as a designing proficient in the Construction Industry with celebrated names like the Tata Group and Saipem.
The Group brought goliath walks into more up to date fields of activity like the execution of high-weight frameworks and crosscountry pipelines for refineries and manure and petrochemical businesses. Definitely, Aban wandered into the powerful spaces of boring, control age and IT Enabled Services (ITES).
Vision
To be the main worldwide seaward organization giving boring, investigation and generation administrations to our customers by reliably accomplishing focuses past desires through amalgamation of our able and roused individuals, hardware and creative ability.
Mission
We will be perceived as worldwide pioneers, by offering our customers predominant administration, including experienced, appropriately prepared and inspired work force, unrivaled, solid and effective hardware with ecologically well disposed tasks.
We will accomplish initiative status by currently promising our representatives to achieve the most noteworthy guidelines of morals, genuineness and trustworthiness. We will encourage pride, eagerness, inventiveness and cooperation to guarantee trust and trust in our workers, customers and providers.
We will effectively bolster and underline “zero resilience” to perilous working practices and conditions, by using and actualizing the best business norms in our activities consistently.
We will effectively develop Aban through money related teach and savvy resource administration to convey better returns than our customers and investors.
Points of reference
Aban Offshore Ltd fused in 1986.
1987 – First 2 lift rigs land in India from the USA.
To begin with all around penetrated by Aban Offshore Ltd for ONGC.
By the 1990s, numerous private segment organizations in India exitted the penetrating business. Be that as it may, AOL wanted to expand its emphasis on the area with more up to date apparatuses, acquisitions and mergers.
1993: Fleet Addition
AOL buys a 300-ft. raise fix from Mahindra and Mahindra Ltd.
2000 – 2001: Hitech Acquisition
AOL procures Hitech Drilling Services (India) Ltd., having a place with the Tata Group, boosting AOL’s armada to four apparatuses. This likewise empowers AOL to enter the FPSO business with the FPU ‘Tahara’ possessed by Hitech.
2005: Fleet Addition
AOL includes two raise rigs (Aban V and Aban VI) and a bore deliver (Frontier Ice).
2005: International Expansion
In accordance with its worldwide development procedure, AOL dispatches Aban Singapore Pte Ltd. (ASPL) in November as its vehicle for universal activities. ASPL, thusly, sets up 3 SPVs as advance down auxiliaries, each furnished with an apparatus or penetrate transport.
2006: Sinvest Acquisition
ASPL secures a 33.7% stake in Sinvest ASA, a Norwegian organization with eight new premium jack-ups on arrange. ASPL in this way finishes the securing in stages, including a required offer to all investors.
AOL right now has eighteen seaward boring and creation units spiraling us to a renowned position among the main ten seaward boring resource proprietors on the planet.