HOEC’s story began in 1983, when the great visionary, the late Shri. H.T. Parekh, foresaw the need for private participation in the Indian Oil & Gas sector. After more than 3 decades of existence, HOEC has now emerged as a fast-growing and independent E&P player in India. HOEC now, through its operations contributes 10,000 boe of products everyday to the nation, from 4 of the 7 producing basins in India. We have turned around our fortunes by adopting a low-cost, fast-track development model with a focus on local content, innovation and sustainable practices. We aim to create long-term stakeholder value while ensuring that we ‘Grow Responsibly’.
Our Top Priority – B-80
B-80 is a block on the western offshore of India which was awarded in DSF-I round and the Revenue Sharing Contract (RSC) was signed on 27th March 2017. B-80 would be HOEC’s first foray into the prestigious Mumbai offshore basin. This field has the capacity to produce 5000 bopd of oil and 15 mmscfd of gas in the Phase-1 development.
- Participating Interest – 50%
- Target “First Oil” – June 2020
- 5000 bopd of Oil & 15 mmscfd of Gas