Oil Drilling And Exploration major, Aban Offshore has made announcement that the company has dismissed USD 10.53 mn (Rs 4,417 crore) contract with Husky Oil China due to unforeseen circumstances not known at the time of agreeing the Letter of Intent (LOI).  
 
The proposed contract was bagged by the company in May for drilling rig Murmanskaya Offshore of Russia. The contract period was for 50 days.

But now, the rig has been mobilised to Singapore and the company is actively marketing the same.

In April, Aban Offshore had signed a 34 mn dollar (about Rs 135.89 crore) contract with Exxon Neftegas for the deployment of the jack-up rig Murmanskaya offshore Russia for a two-well programme.  
 
Shares of Aban Offshore settled at Rs 2,880, low Rs 109.65 at National Stock Exchange.