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Dramatic fall in offshore equipment and service costs-IV: Sharp fall in L-1 rate surprises ONGC
Nov 02: Chemical used in the offshore E&P sector has undergone a big fall in prices, following the downturn in the industry.
8Cement additives, for example, make up a big segment of the total chemicals used in the E&P sector and they consist of accelerators, antifoam and defoam agents, antigelation agents, deepcem additives, dispersants, fluid loss control and gas migration additives, retarders, loss circulation control materials, suspending and antisettling agents, weighting agents, chemical washes and others.
8Prices have come down dramatically in this segment over the Last Purchase Price.
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