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ONGC's onshore projects running out of quality bidders-I: Company will try and coax them back
Jun 13:
ONGC's big onshore oil & gas projects seem to be running out of quality bidders.
8Well known LSTK contractors are staying away and the field has been taken over by low cost players.
8Big offshore contractors such as Technip, Afcons or even L&T seem to be staying away.
8There is concern over this in ONGC and steps are soon to be taken to coax and cajole the big guys to come back.
Click on Details for more on ONGC's latest strategy.
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8Well known LSTK contractors are staying away and the field has been taken over by low cost players.
8Big offshore contractors such as Technip, Afcons or even L&T seem to be staying away.
8There is concern over this in ONGC and steps are soon to be taken to coax and cajole the big guys to come back.
Click on Details for more on ONGC's latest strategy.
