Aban Offshore Limited

Climate Impact & Sustainability Data (2022-23)

Alternate low energy consumption options were identified to optimize energy. This involved distillation plants being replaced by low energy desalination plants. Inverter type AC systems and Five star rated ACs are installed instead of conventional AC system. Water maker from sea water is used on our assets with improved water parameter. Energy efficient motors/Ventillators/Fans are being used when replacement is required. Low energy consuming LED systems are procured as replacements to CFL/Tube lights. Health Checkup and preventive maintenance system of all rotating equipments on our assets are regularly followed.
Maintenance of coating to prevent corrosion and renewal of steel is practiced in all the fleets and regular inspection is conducted to implement this. Engineering analysis of steel structure to enhance the life of assets is regularly carried out. Solar connected grid is utilised and when possible. Started using Hybrid electrical vehicles which will replace the usage of conventional vehicle in future.

The Company views its committed and motivated workforce as its greatest asset. The Company offered competitive pay, a welcoming workplace and structured incentive and recognition programmes to recognise employee success. Every employee is encouraged to realise their potential at work, according to the company’s goal. The Company promoted going above the call of duty, participating in volunteer learning opportunities and coming up with innovative workplace solutions.
Minimal attrition among employees.

The corporate governance code of the organization’s internal control and risk management system serves as the foundation for the system’s design and implementation. It is an essential component of the company’s and the Group’s overall organisational structure and incorporates a variety of employees who work cooperatively to carry out their individual duties. The audit committee, which is under the direction of the Board of Directors, receives reports from the internal audit department. Periodically, the company’s assets are examined and thereafter, reports are delivered to the Audit Committee. Together with overseeing and assisting other committees, the Audit Committee and Board of Directors provide strategic direction and oversight to the Executive Directors and senior management.

Settled some outstanding debt by divesting assets. Entered into fresh contracts and sustained existing ones with the objective to enhance revenues.
Maximizing asset utilization by deploying all four rigs with ONGC.
Continuous technological advancements to comply with global standards.
Implemented robust safety policies, provided rigorous training, conducted proactive risk assessments, fostered a strong safety culture, maintained adequate safety equipment and regularly inspected to ensure compliance and prevent accidents.
Ensured greater revenue visibility by deploying assets across long-term contracts.
Engaged in deliberations to settle the payment of dues with financial institutions and stakeholders.
Developed and implemented stringent operating and safety requirements and adheres to the Quality, Health, Safety and Environment (QHSE) standards.
Enhanced competitiveness by utilising its depreciated assets and developing long-standing relationships with major international companies. The Company’s diversified range of rigs helped them to meet the demands in various terrains.
Offshore services are spread across India. Constantly exploring opportunities in the Middle East and South East Asia to diversify the risk.

Climate Change Data