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Jack Up rig tender-II: Industry thinks otherwise
Oct 05: While ONGC thinks it has done enough to encourage better quality Jack Up rigs, the industry feels that it could have done much more. And what it has done is not going to make a difference and old rigs will continue to have an undue advantage.
8"It looks like ONGC has been unable to kick itself out of the mindset that it should look at eliciting a lower day rate rather than hiring a modern and efficient rig," an industry source told this website.
8"What will now happen is that the same old rigs, fully depreciated, will be back in service again with ONGC, with little productivity and efficiency gain for the company," the source added.
Find out why this is the case, click on Details and Reports .

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