Hindustan Oil Exploration Company Ltd Secures New Contract Area in Mumbai Offshore Region

Hindustan Oil Exploration Company Ltd (HOEC) has recently been awarded a contract area, MB/OSDSF/B15/2024, under the Special Discovered Small Fields Bid Round 2024 on April 15, 2025. The new block spans over 332.4 sq. kms in the Mumbai Offshore region with a water depth of about 40m, encapsulating two discoveries B-15A-1 and B-15-2. The Panna formation in these wells has tested approximately 1.66 million standard cubic feet per day (mmscfd) of gas and 1833 barrels of oil per day (bopd) in Well B-15A-1 and around 1151 barrels of oil and 0.91 mmscfd of gas in Well B-15-2. HOEC is the Operator of this Block with 100% Participating Interest. This new addition complements HOEC's existing Block MB/OSDSF/B80/2016 in Mumbai Offshore, expanding the Company's total acreage to over 800 sq. kms. The Managing Director of HOEC, Mr. Ramasamy Jeevanandam, affirmed the Company's commitment to enhancing its asset base and seizing growth opportunities.