Sub: Submission of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the update on Project B-80.
The above information is also available on the website of the Company - www.hoec.com.
We request you to kindly take the same on records and disseminate to public.
Yours Sincerely,
For Hindustan Oil Exploration Company Limited
Digitally signed by
Deepika C S Deepika C S
Date: 2022.11.04 07:57:52 +05'30'
Deepika CS
Company Secretary
Registered Office: 'HOEC HOUSE', Tandalja Road, Off Old Padra Road, Vadodara - 390 020. INDIA.
This is to update that Company has resumed gas sales from its B-80 field with D2 well, located in western offshore after completing the under-buoy hose repair and reconnection of hose to Floating Storage Offloading (FSO) vessel. Gas sales from this field had to be suspended since mid-July 22 as the under-buoy hose was found to be damaged. Previous attempt made to repair was not successful due to unfavourable weather conditions.
Company had fabricated an additional spool / clamp and completed the repair work with the help of specialists in Dubai and with the support of local diving team.
Gas produced from well D-2 is processed at KGB - Offshore Installation and the processed gas is being exported through the ONGC pipeline network to its Hazira Gas Processing Terminal. ONGC then redelivers B-80 gas into HVJ pipeline owned by GAIL. GSPC then offtakes the B-80 gas to deliver it to the end consumers through its vast pipeline network.
Company plans to take up the repair work to commence production from Oil well D-1 by mobilising required experts and materials. A separate announcement will be made as and when the production starts from D-1 well.
Further details will be provided during the customary Q2 Earnings call to be held during first fortnight of November 2022.
Block MB/OSDSF/B80/2016 Data:
Block MB/OSDSF/B80/2016 is spread over 56 Sq. Kms. area in Western Offshore and was awarded under the First Discovered Small Field (DSF) Bid Round 2016 on March 27, 2017. HOEC is the Operator of this field with 60% Participating Interest and 40 % is held by Adbhoot Estates Private Limited. Under the terms of the Revenue Sharing Contract (RSC), the oil and gas produced from this Block enjoys marketing and pricing freedom.
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HOEC - Hindustan Oil Exploration Co. Ltd. published this content on 04 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2022 02:45:01 UTC.
Hindustan Oil Exploration Company Limited is an India-based oil and gas company. The Company is engaged in the exploration, development and production of crude oil and natural gas in India, both onshore and offshore. Its asset portfolio consists of approximately 10 oil and gas blocks of discovered resources and one exploratory block. The Company's operations include Dirok, Kharsang, Umatara, Greater Dirok, B-80, PY-1, Asjol, North Balol, and Palej. The Dirok project produces approximately 50 billion cubic feet (BCF) of natural gas and approximately 1 million barrels (MMBBL) of condensate. The PY-1 field is in the offshore platform in Cauvery Basin with eight slots and four wells drilled. The Asjol Petroleum Mining License Block lies 25 km South-West of Mehsana town in Gujarat State covering area of about 15 square kilometers (km2). Its subsidiaries include Hindage Oilfield Services Limited, Geopetrol International Inc., Geopetrol Mauritius Limited and GeoEnpro Petroleum Limited.
HINDUSTAN OIL EXPLORATION COMPANY LIMITED 
