Oil India Limited | |
Oil India Limited The contract pertains to the charter hire of six (06) brand-new workover rig packages for deployment in Assam and Arunachal Pradesh by Oil India Limited (OIL). In a new amendment, OIL has made it clear that if you bidding for a new rig, then a mere MOU will not do, you need to have a LOA or a purchase order. An MOU is a document you can back out from if you do not win a tender, but with an LOA or purchase order, it is different. This will reduce speculative bids to a big extent, though a company can also back out from an LOA or even a purchase order should they want to with a rig builder though that will possibly require the payment of a penalty, Oil India Limited, indianpetroplus #OilIndiaLimited #Indianpetroplus | |
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Target State: All States Target City : All Cities Last Update : Feb 26, 2025 2:34 PM Number of Views: 21 | Item Owner : Indianpetroplus Contact Email: Contact Phone: (None) |
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