ONGC DRILLS CHEAPLY IN BANGLADESH

Vol 3, PW 2 (17 Feb 99) Midstream & Downstream
     

ONGC is confident it can get more drilling contracts in Bangladesh following positive feedback from local authorities.

ONGC charges $15-16,000 a day against the industry average of $25,000 a day. Two ONGC rigs are on charter to Bangladesh Gasfields and Sylhet Gasfields, subsidiaries of Petrobangla.