Offshore and oilfield services firm Aban Offshore Ltd has received a contract for deployment of the new built jack-up rig “Deep Driller 8” offshore India for a two firm well and two optional well program.

The firm period of the Contract, expected to commence following the delivery of the rig from the yard in the first quarter of 2009, is likely to last for 150 days with an estimated revenue of USD 30 million during the firm period.

Aban Offshore has posted a net profit of Rs 71.50 crore for the first quarter ended June 30, 2008, a more than two-fold increase as compared to the same period a year ago.      
 
The company had a net profit of Rs 28.38 crore for the year-ago period.