Singapore Being a Lucrative Trade Hub

In addition to the incredible location (with Singapore being a lucrative trade hub) and with oil prices soaring, there is no doubt that this move to take oil exploration to higher levels will provide the right pay-off . This deal also substantially answers the need discussed by Shantanu Saikia, Executive Editor, India-petro.com, “Soaring oil prices called for a spurt in exploration, thereby increasing the need of drilling rigs.” Surely, the deal will propel Aban Off shore to get counted among the top ten off shore jack-up drilling service providers in the world.

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative