CORRECTION

CORRECTION: Enquest Petro Solutions has pointed out a correction in our news-in-brief section on IndianOil's CB-ONN-2005/7 ('IOC preparing to spud Cambay well').

We reported that Essar's rig was inspected by Enquest Petro Solutions as the PMC. However, Enquest points out that the third party inspection of the rig was carried out by Bureau Veritas, not by Enquest.

Error regretted. Editor READERS COMMENT: Sir, we do not agree with the facts as described in Article 9 of this edition of Petrowatch ('Lower your rig rates or else!' ONGC tells drillers').

To our knowledge there are no High spec JU rigs in India who have reduced their rate to USD $60,000. In fact, contrary to the same, a Driller has refused to accept the rate of USD $80,000 + and has preferred to keep the rigs idle and continue to market them.

Regards, Capt Rahul Pradhan, General Manager - Marketing (Offshore Logistics), Greatship Global Complaints about inaccuracies in all sections of PETROWATCH, including online, should be addressed to editor@petrowatch.com or The Editor, Petrowatch, Ashoka Estate (11th Flr), 24 Barakhamba Road, Delhi 110 001