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Dramatic fall in offshore equipment and service costs-II: Price tag for logging services and tools comes down drastically
Nov 02: There is a dramatic fall in cost of LWD, MWD, SDMM and RSS tools & services in the latest ONGC tender for such services and tools.
8The cut in price has taken the ONGC brass completely by surprise as the quoted prices were far below what the reserve prices were pegged at.
8"Clearly, there is a unprecedented worldwide fall in demand for such services and tools and this is reflecting in the latest prices being elicited by ONGC," a top company official told this website.
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