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Day rates for stimulation vessel reach a new low-I: ONGC surprised
Apr 22: A new low established in the day rate for the hire of a stimulation in Mumbai High came a shock even for ONGC.
8There is disbelief that a technically qualified supplier can quote such low rates against the tender
8"This the kind of rate at which we will be worried about the quality of service," a top ONGC official told this website
8Even the competitors were stumped. "Frankly we do not know how this pricing was worked out, because in our scheme of things, this just does not seem right.
8Under directions right from the top, ONGC's asset level officials and executive directors are ensuring that contract management terms of tight and the quality of service is up to the mark.
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