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Dramatic fall in offshore equipment and service costs-VI: Free fall in offshore well services cost
Nov 02: Big offshore well testing services companies have dramatically brought down their prices in the latest ONGC tender
8Clearly, the competition is very intense among the top guns in the industry
8Prices are reportedly down by a dramatic number from what it was last with ONGC
8The more important point is that prices are in free falling mode and because of the inherent volatility, competitors are quoted widely varying rates.
8There are no price benchmarks anymore in the pricing game for offshore services and tools, it looks like.
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