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ONGC slashes offshore rig rates once again-I: 40% cut seen
Jan 09: ONGC has been able to force a massive cut in day rates for set of three rigs for one month extensions after their three year contract periods
8The rigs are: Shelf Drilling Offshore Ltd's Trident XII, Dynasty Oil & Gas Pvt Ltd's Victory Driller and Great Ship (India) Ltd's Great Drill Chetna
8The rates were slashed by more than 40%
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