{"id":363458,"date":"2020-07-18T10:19:30","date_gmt":"2020-07-18T04:49:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=363458"},"modified":"2020-07-18T10:33:28","modified_gmt":"2020-07-18T05:03:28","slug":"domestic-drilling-industry-to-approach-operators-with-cost-sharing-plea-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/domestic-drilling-industry-to-approach-operators-with-cost-sharing-plea-2\/","title":{"rendered":"Domestic drilling industry to approach operators with cost sharing plea"},"content":{"rendered":"<p>With costs spiralling across the petroleum drilling industry \u2014 both globally and locally \u2014 domestic operators, via the International Association of Drilling Contractors (IADC), will be approaching contractors with a request to share the mounting burden. <\/p>\n<p>\u201cApart from costs being incurred due to the SOPs (standard operating procedures) we have to follow due to the pandemic, drilling companies also have to pay their crew as this period is treated as \u2018crew on board\u2019. Due to this, the cost has escalated for the industry by more than 50 per cent (of the total cost usually incurred) in the last three months,\u201d a senior executive with Greatship (India) told Business Standard.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With costs spiralling across the petroleum drilling industry \u2014 both globally and locally \u2014 domestic operators, via the International Association of Drilling Contractors (IADC), will be approaching contractors with a request to share the mounting burden. \u201cApart from costs being incurred due to the SOPs (standard operating procedures) we have to follow due to the pandemic, drilling companies also have to pay their crew as this period is treated as \u2018crew on board\u2019. Due to this, the cost has escalated for the industry by more than 50 per cent (of the total cost usually incurred) in the last three months,\u201d [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-363458","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=363458"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363458\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=363458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=363458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=363458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}