Greatship asked to slash rig rate
Greatship is nowhere close to getting a LoI despite emerging lowest bidder in ONGC’s tender for three offshore rigs.
ONGC opened price bids on September 16 and is negotiating down Greatship’s quote of $133,483/day for Greatdrill Chetna, drilling for the PMT consortium, and Hull no. 117/275, under construction at the Lamprell yard in Sharjah.
“ONGC is not indicating a price," says a source close to Greatship. "They are just asking for a 'lower price'.
” ONGC wants Greatship to lower its price to $130,000/day, say sources - the rate Chetna is drilling for PMT. Jindal Drilling is waiting to step into the breach if talks with Greatship breakdown, with three rigs on offer: Virtue 1, Jindal Star and Jindal Pioneer.
ONGC is expected to ask Jindal to match the price from Greatship if it wants this five-year contract. Jindal bid second lowest quoting $155,380/day.
