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Low Jackup rates-I: ONGC's rig hire rates are also the lowest in the world
May 31: While ONGC has the lowest finding and development cost among its peers, it also been able to extract the lowest Jackup rig rates in the world
8The rates in fact have come down by exactly two thirds from what it was three years ago.
8Clearly, the company is pushing suppliers hard to extract such concessions.
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