Desi companies dusting up their onland E&P assets-I: Deep Industries want to create more value
Jun 29:
Deep Industries, smudged with a recent blacklisting by ONGC and a knock on the knuckles by SEBI, has decided to divest its E&P asset into a separate entity 8The reason seems to be to create more value around its E&P assets, as different from its equipment and services segment 8There is a big upsurge in smaller private companies interest in Indian E&P assets 8The view is that onland extraction costs are cheap and there is money to be made from E&P which was not possible when prices were down last year 8Just like with the downstream sector, we can provide you field-wise business opportunities information going ahead Click on Reports for more