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Local content drive: Where are the opportunities?
May 04: The petroleum ministry's local content announcement last week allows scope for competitive Indian oil and gas equipment and services companies to still emerge in the oil and gas sector.
8The areas where there is likely to be traction are: On shore rigs, specialized drilling and completion services
8Secular growth in investments can come from the impetus given to CBM and Small and Discovered Fields
8But the entry barriers are high on account of entry barriers, high capex, need for high quality equipment, customization, penalties and the need for long term relationships
8Find out more on what are the segments in which entry is still possible.
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