<p>The leading offshore drilling firm expects to launch the work in the last three months of 2010.<br /><br />"A contract has been signed with Petrobras, Brazil, for the deployment of the drillship Aban Abraham offshore Brazil for a firm period of five years.<br /><br />"The estimated revenues from the deployment is about USD 494 million (about Rs 2,285 crore) plus a potential 3.85 per cent performance bonus, the deployment is likely to commence during the fourth quarter of calender year 2010," the company said in a filing to Bombay Stock Exchange.<br /><br />Shares of Aban Offshore were quoting at Rs 902.70 on BSE in afternoon trade, down by 0.93 per cent over the previous close.</p>
<p>The leading offshore drilling firm expects to launch the work in the last three months of 2010.<br /><br />"A contract has been signed with Petrobras, Brazil, for the deployment of the drillship Aban Abraham offshore Brazil for a firm period of five years.<br /><br />"The estimated revenues from the deployment is about USD 494 million (about Rs 2,285 crore) plus a potential 3.85 per cent performance bonus, the deployment is likely to commence during the fourth quarter of calender year 2010," the company said in a filing to Bombay Stock Exchange.<br /><br />Shares of Aban Offshore were quoting at Rs 902.70 on BSE in afternoon trade, down by 0.93 per cent over the previous close.</p>