Rig O&M services: ONGC must look at price vs. quality debate squarely in the face – 25 Sep 2024

Rig O&M services have got fully commoditized

There are too many players, but thankfully there are a lot of jobs too

Even so, the L-rate will be probably just above subsistence level. These were the bidders for a contract

Aakash Exploration Services

BSCC Exploration Private

Indo Oil Data Private

Petrotech

South Asia Consultancy

Technical Services

Western Oil Field Services

We suggest the entry barrier be raised to get more quality service in.

The price vs. quality debate is important to dive headlong into by companies like ONGC and OIL