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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.
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