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Thursday, February 28, 2008

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BUY

Aban Offshore

Aban Offshore Ltd has informed that a subsidiary of the Company has received a Letter of Award from PTTEP International Ltd for a 3 well contract offshore Myanmar, for the jack-up drilling rig Deep Driller 5, with an estimated duration of 4 months. This contract will be in direct continuation of the current contract with Cairn Energy Sangu Field Ltd. The estimated contract value is approximately USD 25 million.

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