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Aban Offshore - Updates

Aban Offshore Ltd has informed BSE that a Contract has been signed with Exxon Neftegas Ltd for the deployment of the Jack-up rig Murmanskaya Offshore Russia for a 2 well programme. The estimated revenues from the Contract (with an estimated duration of approx 160 days) is approx USD 34 Million. The deployment is to commence in direct continuation of its present contract which is expected in June 2008.

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