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ONGC imposes massive haircut on Dynamic Drilling and Aban jackup rigs
Apr 06: Two companies -- Dynamic Drilling and Aban -- were forced to drastically reduce their day rates for their jackup rigs before they were temporarily rehired by ONGC.
8The contract periods for the two rigs had expired.
8Find out what were their earlier day rates and the new rates they had to settle for
8The extent of haircut highlights the plight of the rig industry today
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