HHI will construct a 7,000-bhp well stimulation vessel (WSV) at a price of around $245m, with delivery scheduled by the end of 2017, according to sources close to ONGC’s offshore division.
TradeWinds is told that the price offered by HHI is $30m higher than ONGC’s own estimate of $215m. Sources say a couple of reasons lie behind HHI’s reluctance to offer a bigger discount on its original offer of $250m after negotiations lasting five months.
Firstly,
