State-run Oil and Natural Gas Corp (ONGC) has been swamped with offers in a tender it floated for hiring five deep sea rigs for its KG-basin gas block campaign.
As many as 30 deep-water drillships and semi-submersible rigs have been offered by about one-and-half-dozen companies.
Reports quoted a senior ONGC official as saying, ´We anticipate charter rates will come down to less than $300,000 a day in our tender´.
ONGC tender flooded with offers
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