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OIL's Producement Enhancement Programme: Three companies in race but skepticism abounds
Nov 02: Production Enhancement Contracts are easy to do on a theoretical level but difficult to implement on the ground. Allowing service contractors to come into an existing field is easier said than done, as their introduction creates a Pandora's Box of problems, including how to work out a service agreement and how to work out a compensation package.
8Oil India Ltd did get three companies to bid to frame the rules recently but the big question mark still remains on what kind of progress will eventually be made.
8Find out more about the bidders
Click on Details for more  


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