The Company had informed the Stock Exchanges vide letter dated November 09, 2004, regarding a minor incident which led to part damage of the production control umbilicals in PY-3 Field, leading to suspension of production from 2 wells.
Today, the Company had informed the Stock Exchanges that production from all the producing wells have been restored in PY-3 Field with effect from November 14, 2004 and the current production level is around 6900 barrels per day.
HOEC has 21% non-operating Participating Interest in PY-3 joint venture.
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