Business Update10 Jun 2026, 10:58 am
HOEC Halts Gas Sales from B-80 Field for Maintenance
AI Summary
Hindustan Oil Exploration Company Ltd (HOEC) has temporarily stopped gas sales from its B-80 field to conduct asset integrity-related maintenance. This preventive and corrective action is aimed at ensuring safe, reliable, and efficient operations. While oil sales continue at reduced rates, the company expects to notify stock exchanges upon the resumption of gas sales. The impact of this temporary disruption on production is deemed not material and is covered by insurance.
Key Highlights
- Gas sales from B-80 field halted for asset integrity maintenance.
- Preventive measures ensure safe and efficient operations.
- Oil sales continue at lower rates.
- Resumption of gas sales will be notified to exchanges.
- Production impact is not material and covered by insurance.
Price Impact
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