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KG-DWN-98/2 Block-I: Winning SPS + SURF bid significantly below ONGC's own internal estimates
Aug 07: High competition and yet-to-recover oilfield equipment and services prices have meant that ONGC elicited a competitive bid for its SPF and SURF package for the KG-DWN-98/2 block well below its own estimate.
8"The difference between the winning bid and our own assessment is very significant," a senior ONGC official said.
8Even the highest bid was well below the reserve price estimate, it is learned
8Find out what ONGC has assessed the values would be and what was eventually settled for
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