Modi's oil ambition gives services firms a US$27b lifeline
Investments in exploration, drilling get boost from govt plan to cut fuel imports
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Mumbai
INDIA is offering global oilfield service providers starved of new contracts a US$27 billion lifeline as the government's ambition to cut fuel imports drives fresh investment.
Spending plans are ratcheting up and stalled projects restarting after the government in March announced pricing freedom for natural gas from deepsea fields that begin production this year.
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