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Expect high rig rates for ONGC's new-build tender

Vol 12, PW 5 (24 Jul 08) Exploration & Production
 

ONGC should expect to pay higher charter hire rates for its ongoing â€کnew-build’ jack-up tender because of its sudden decision to hire just one and not two rigs as originally announced....

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Related
  • ONGC preparing to open jack-up price bids (19 Jun 25)

  • Good response to ONGC pre-bid for four rigs (25 Jan 24)

  • Expect high jack-up rates in 4-rig tender (11 Jan 24)

  • Expect good response in 6-rig jack-up tender (24 Mar 22)

  • Plenty of interest in ONGC one HP/HT rig race (19 Apr 18)

  • ONGC backs down and extends rig bid deadline (30 Jul 15)

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  • Other jack-up tenders won't see such low bids (03 Dec 09)

  • ONGC looks to Reliance or ENI for deepwater rig (30 Nov 06)

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