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Dramatic fall in offshore equipment and service costs-V: Equipment & material costs are down
Nov 02: Drastic cut in prices has been observed in other offshore elements as well.
These include items like
8Hanger tools
8Well head equipment
8Drilling water cost
8Drilling bits
8Casing & Tubings running tools and services
8In some cases, costs are down by 90% from the Last Purchase Price of ONGC, completely stumping the E&P major.
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