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Logging while Drilling (LWD) equipment and services in India: Cataclysmic drop in prices
Apr 18:   There has been a dramatic crash in the prices of Logging While Drilling (LWD) equipment and services in India subsequent to the global fall in prices on account of capex contraction in the E&P segment.
8There was, according to a bidder, a cataclysmic drop in prices in the latest ONGC tender
8Coupled by predatory pricing by an entrenched international supplier, the bidding field turned out to be entirely one sided.
Click on Details to find out how prices went down by 60% from the last purchase price, much to ONGC's benefit


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