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. Click on Details for more