​HOEC: Rising star; To commence gas production from Assam soon
(HOEX IN, Mkt Cap USD0.1b, CMP INR71, Not Rated)
Post its management change in early-2015, Hindustan Oil Exploration (HOEC) has exhibited an increased focus on operations, instilling a greater clarity on strategy. The immediate focus is on monetizing its gas field in Assam, improving the recovery factor in Cambay marginal fields and reviving PY3 via integration of PY1 and PY3 fields. The company is also focused on building a portfolio of marginal fields – it won bids for two fields in the recently concluded Discovered Small Fields (DSF) round 2016.
Gas production from Assam to commence shortly
Hindustan Oil Exploration Company Limited (HOEC) is an oil and gas company. The Company's activities relate to exploration and production of hydrocarbons, which are natural resources. Its segments include Hydro carbon and Oil additives. Its products include crude oil and natural gas. Its oil and gas assets consist of operated and non-operated acreages in Assam-Arakan, Cauvery, Cambay basins, Rajasthan and Pranhita-Godavari basins in India. It has AAP-ON-94/1, which is a pre-new exploration licensing policy (NELP) block located in Assam Arakan Basin. Its Cauvery project has over four development wells, and an offshore platform and pipeline. Cauvery project has a processing plant on over 210 acres of land. The Cambay project's North Balol block includes approximately 10 wells. The Asjol block has over 10 wells. The CB-ON-7 block has approximately 10 wells. The CB-OS/1 block is located in inter tidal transition zone. HOEC Bardahl India Limited is the Company's subsidiary.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.