Six ONGC rigs idle instead of earning $45,000 a day

Vol 5, PW 10 (04 Jul 01) Exploration & Production

Losing a million dollars in three weeks might not be such a big deal for ONGC, but for service contractors accustomed to seeing private explorers count every penny, the sight of six "demobbed" rigs lying idle for three weeks when (together) they could have been earning $45,000 a day seems abnormal if not criminally negligent. ...

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