Profit

Competition rises in deep-sea oil rigs

PUBLISHED ON: May 28, 2008 | Duration: 2 min, 37 sec

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Getting crude cheap is now history and bagging a rig for exploration and production of crude and gas is becoming increasingly tough. But it seems India's largest oil giant ONGC has hit a jackpot with a better than expected response to its tender for ultra deep water rigs.
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