HOEC acquires Assam Gas Plant operations, expands Dirok field capacity
Hindustan Oil Exploration Company Ltd (HOEC), on behalf of its Joint Venture partners Oil India Ltd. and Indian Oil Corporation Ltd., has executed a definitive agreement to take over the operations and ownership of the Hollong Modular Gas Processing Plant (HMGPP) in the Dirok Gas and Condensate field in Assam. The acquisition from Expro North Sea Limited (ENS) – UK was effective October 14, 2026, with all existing ENS employees transferring to HOEC. This strategic move enables the Dirok JV to expand the plant's capacity to process higher volumes from new and future wells in the Dirok, North Dirok, and Greater Dirok assets. It also allows HOEC, as the designated operator, to implement modifications for enhanced operational efficiency.
Key Highlights
- HOEC acquired operations and ownership of Assam Gas Plant (HMGPP).
- Takeover from Expro North Sea Limited effective October 14, 2026.
- Enables Dirok JV to expand plant capacity for new wells.
- Allows HOEC to improve operational efficiency of the plant.
- Existing ENS employees transferred to HOEC employment.
Price Impact
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