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Hindustan Oil Exploration Company Limited was incorporated in 1983, It is engaged in the exploration, development and production of crude oil and natural gas in India, both onshore and offshore. The company is India's first private E&P company and its assets are geographically spread across Tamil Nadu, Maharashtra, Gujarat, Assam and Arunachal Pradesh (both offshore and onshore).
HOEC announced its 42nd Annual General Meeting via virtual means. Key dates for share transfer book closure & voting eligibility are set. Shareholders can access the annual report & use e-voting.
HOEC secured a new Mumbai Offshore contract area under DSF Bid Round-IV from the Government of India. This strengthens its Western Offshore presence, with plans to evaluate discovered hydrocarbons, focusing on capital-efficient development and operational synergies.
HOEC clarifies media reports on its PY-1 offshore field. The company plans four new development wells within the existing field to restore production levels, utilizing current infrastructure. This avoids major new capital expenditure. The project is progressing through necessary approvals. HOEC has cumulatively invested ₹3,400 Cr in the PY-1 Field.
HOEC updated on Block B-80: MOPU compression optimized for lower suction, boosting efficiency. Test runs began with partial gas sales, indicating operational progress and new revenue streams starting.
Hindustan Oil Exploration announced an Independent Director's retirement upon tenure completion. The company also re-constituted its Audit, Nomination & Remuneration, Corporate Social Responsibility, and Risk Management committees. This reflects routine governance updates.