Aban Offshore Ltd – Company Profile

Aban offshore which was earlier known as Aban Loyd Chiles Offshore Ltd is one of the largest private offshore drilling companies in India. They provide their service to many leading oil companies. This group has also extended its workability to various other fields like construction, wind energy and power generation, hotels and resorts, Tea plantation and marketing.  The headquarters of this company is located in Chennai, Tamilnadu.

History

The ABAN group was organized in Chennai in the year 1986. Mr.M.A.Abraham was the man behind this. He worked for many leading construction companies in his earlier times. The development of Oil and Natural Gas Corporation has made many entrepreneurs to think about starting offshore rigs. It was during 1986; Aban Offshore Limited (AOL) was established. Their first service was given to ONGC in the year 1987 with two jack-up drilling rigs imported from America. Later on most of the leading rigging industries start quitting from this field which helped the Aban Offshore Ltd to expand their fleet in this field.

Key People

Reji Abraham son of late Mr.M.A.Abraham is the managing director of Aban group in India. According to Forbes 2008 he was the 605th richest man in the world and bags first in Kerala.  But later in 2009 there was a decline in his fortune.

Company

The company presently holds twenty offshore drilling and production units which makes them to achieve a spot in the midst of the top offshore drilling companies all around the world.The company was listed in the Bombay Stock Exchange. The shares of the company are available in the national stock exchange which can be purchased by the interested ones. The company is controlled by the Board of Directors. They conduct meetings to discuss about the inventory turnover and other related issues. The Aban Offshore ltd does not compromise in keeping Quality, Health, Safety and Environment (QHSE). For this they have introduced the best industrial standards. They always strive for achieving the QHSE systems. They always worked in creating a situation that each member of the team is responsible for developing and maintaining the QHSE systems. They also interact with their customers for the smooth functioning of the QHSE. QHSE helped in improving the quality, helps in attaining goals, give importance to the health and safety of the workers and the customers, and also help in development of the enterprise. News shows that Aban is planning to vend their thermal power projects. The coal fired projects one located in Tamil Nadu and the other in Orissa will be soon taken over by Nuziveedu power, an ancillary corporate of Naziveedu Seeds Ltd functioning in Hyderabad. The combined potential produced by the above two is about 2,200MW. Aban will be able to obtain about rupees 550 crore through this.

Careers

Demand for careers in Aban Offshore has been increasing now a day because of booming drilling industry. Aban has always made their members to learn and know more about their field and the workers have always shown their honesty towards the company. Experienced personals always backed the team for achieving success. They require a variety of professionals like Engineer, Electricians, Mechanic, and Drillers.