Hindustan Oil Exploration Reports Q1 Growth in Production Amid Mixed Financial Results Aug 17, 2025
Hindustan Oil Exploration Company (HOEC) reported increased production but lower revenue in Q1. Gross production rose to 6,369 BOEPD from 5,458 BOEPD, while net production increased to 2,777 BOEPD from 2,665 BOEPD. Despite this, consolidated revenue fell to ₹78.65 crores from ₹136.15 crores year-over-year. Net profit increased to ₹43.87 crores, boosted by exceptional items. HOEC now holds 100% interest in B-80 block, plans workover and new wells. Dirok field averaged 20.22 mmscfd gas and 364 bpd condensate production. Kharsang field completed four wells, enhancing production by 350 bpd. The company signed a contract for B-15 block and is focusing on rapid development of discovered resources across India.
Hindustan Oil Exploration Resumes Production at Block B-80 After Successful FSO Re-mooring Aug 16, 2025
Hindustan Oil Exploration Reports Strong Q1 Results with Exceptional Gains Aug 14, 2025
Hindustan Oil Exploration Co Suspends Production in Block B-80 Amid Adverse Weather Jun 27, 2025
Hindustan Oil Exploration Co. Reports Mixed Q4 Results: Profit Up, Revenue Down May 28, 2025
More news about Hindustan Oil Exploration
16Apr 25
Hindustan Oil Exploration Company Secures Offshore Block in Mumbai, Shares Surge
Hindustan Oil Exploration Company Limited (HOEC) has been awarded a new contract for block MB/OSDSF/B15/2024 in the Mumbai offshore region, spanning 332.40 square kilometers. The block includes two existing discoveries with significant oil and gas production potential. This expansion complements HOEC's existing operations in the area, increasing their total acreage to over 800 square kilometers. The company plans to develop existing discoveries and explore new drilling opportunities.
04Apr 25
Hindustan Oil Exploration Company to Acquire Full Control of Block B-80
Hindustan Oil Exploration Company (HOEC) plans to increase its participating interest in Block B-80 to 100% by acquiring the remaining 40% stake from Adbhoot Estates Private Limited. This acquisition, subject to government approval, will give HOEC full control of the asset, potentially enhancing its resource base and operational flexibility in the oil exploration sector.
03Apr 25
Hindustan Oil Exploration Company to Acquire Full Ownership of Block B-80
Hindustan Oil Exploration Company Limited (HOEC) plans to increase its participating interest in Block B-80 to 100% by acquiring the remaining 40% stake from Adbhoot Estates Private Limited. The transaction is subject to approval from the Government of India, for which HOEC is submitting an application. This move will give HOEC full operational control over the block, potentially leading to increased profits and streamlined decision-making.