Two contracts secured for Deep Driller 2

Aban Offshore Ltd. has received letters of intent for the deployment of the jackup rig Deep Driller 2 offshore Malaysia for two separate well programs.

Offshore staff

CHENNAI, India -- Aban Offshore Ltd. has received letters of intent for the deployment of the jackup rig Deep Driller 2 offshore Malaysia for two separate well programs.

The first three-well program, with revenue of $17 million, has an estimated duration of 90 days in direct continuation of an existing contract.

The second contract has an estimated duration of 210 days and is for a six firm well plus one optional well program, Aban said. The estimated revenue from the contract is $38 million. The deployment is to commence in direct continuation of the first program.

06/26/2008

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