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ONGC's switch to mobile rigs-II: Price found to be too high in recent tender
Apr 10:   Even though the cost of mobile rigs was significantly lower than that of ordinary drilling rigs, ONGC could not finalize a recent tender for such rigs
8One bid for such rigs was awarded while the other too had to held up because the price variation from internal estimate from that of the rig awarded in asset was found to be too high.
8Why were prices quoted so high?
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