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Aban TO return drillship

Aban TO return drillship

Aban Offshore's joint venture, Venture Drilling, decided to redeliver its idle drillship Deep Venture so that it may reduce the maintenance cost on it and benefit from the resultant cash flow. The redelivery is expected to bring in a cash flow of around $65 million for Aban Offshore, which it would use towards debt repayment in the next financial year.

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