Aban Offshore, which provides offshore services to the oil sector, said on Friday its joint venture, Venture Drilling AS, has signed an agreement for early redelivery of a drillship to its Russian owner.
Venture Drilling is an equal joint venture between Aban's unit Sinvest AS and Petrolia ASA.
It will receive a cash amount of USD 138 million which covers the purchase price for all equipment onboard, said the statement to the stock exchange.
Through a settlement, the drillship Valentin Shashin has been redelivered to owner Arktikmorneftegazrazvedka on February 24. The drillship had been on a bareboat charter from the Russian firm.
At 11:06 am, Aban Offshore shares were up 0.97% at Rs 539 in a firm Mumbai market.
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