Other jack-up tenders won't see such low bids

Vol 13, PW 13 (03 Dec 09) Exploration & Production
       

Jindal’s price for Noble Ed Holt is unlikely to be repeated. Hire rates are on the rise and it is unlikely ONGC will get similar rock-bottom prices in a fresh tender issued last month to replace seven rigs whose three-year contracts end between January and May next year....