Aban Offshore (BOM:523204), 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.

During the same year 2007, AOL purchased Semi-Submersible Rig Bulford Dolphin (being renamed Aban Pearl) through Aban Pearl Pte Ltd (AAPL), subsidiary of its wholly owned Subsidiary Aban Singapore ...