Big E&P technology providers-I: End-to-end models are reducing costs in India
Sep 07:
Historically, E&P contracts have been awarded in a conventional way, to separate vendors for specific activities such as drilling, services and construction. 8But the business model did change for one big Indian E&P player 8An end-to-end integrated partnership model has been developed 8And who are the partners playing a role in it? 8They are: Halliburton, Schlumberger, Petrofac and GE-Baker Hughes 8By consolidating existing contracts, cost reductions of up to 20% are anticipated 8Other companies are watching this business model carefully. Click on Reports for more