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ONGC's tender for 9 Jack Up rigs-I: What is the likely day rate going to be?
Oct 04:
What is benchmark average day rate likely to be for ONGC's tender for 9 IL CL Jack Up rigs?
8Unlike in earlier, depending upon the quality of the rig, a higher priced rig can qualify over a lower priced rig.
8So that day rates will vary and it will not be a one-size-fits-all kind of a price, where the L-1 price determines the prevailing day rate for all rigs within a tender
8Nevertheless, the website has estimated the average day rate for the tender
Click on Details for more
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8Unlike in earlier, depending upon the quality of the rig, a higher priced rig can qualify over a lower priced rig.
8So that day rates will vary and it will not be a one-size-fits-all kind of a price, where the L-1 price determines the prevailing day rate for all rigs within a tender
8Nevertheless, the website has estimated the average day rate for the tender
Click on Details for more
