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Aban Offshore shares plummet after rig sinks off Venezuela coast

Posted on: May 14th 2010 in Market News.

Aban Offshore, India’s largest offshore drilling and oil field services provider, suffered a major setback on Thursday, when its gas platform Pearl sunk off the coast of Venezuela. This was one of Aban’s biggest money spinning rig earning $358,000 dollars or about a crore and a half r…

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