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ONGC slashes offshore rig rates once again-II: New rates will set even lower price benchmarks for future bidders
Jan 09: Going ahead, the newly negotiated rates are likely to set even lower price benchmarks for all future rig hires of similar nature
8The negotiated rates are lower than those elicited for the rigs FG Mcclintock & CE Thornton, for whom LOAs were placed in October, 2015.
8HPHT rig prices are also likely to go down.
8Future bidders must take note of the new rates
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