HOEC commence oil production and gas sales from its wells
OIL & GAS

HOEC commence oil production and gas sales from its wells

Hindustan Oil Exploration Company (HOEC) told the media that D-1 and D-2 wells had been individually brought online for production after successfully addressing the technical issues faced during pre-commissioning operations.

Gas sales to Gujarat State Petroleum Corporation Limited (GSPC) commenced from Oil and Natural Gas Corporation Limited (ONGC) Gas Processing Terminal at Hazira.

Before the commencement of sales, gas production from D-2 was processed to meet the specifications and packed into the ONGC pipeline from 31 May. The Gas Transportation Agreement (GTA) between ONGC and HOEC was executed this year on 3 June.

The D-1 well on production flows at lower rates for safe stabilisation of all operational parameters. The produced oil is then transferred through the pipeline to a HOEC's Floating Storage Offloading vessel (FSO). FSO can store it for over six months of production.

The processed gas is exported through the ONGC pipeline network to its Hazira Gas Processing Terminal. ONGC then redelivers B-80 gas into the flagship Hazira-Vijaipur-Jagdishpur (HVJ) pipeline owned by the Gas Authority of India Limited (GAIL). GSPC offtakes the B-80 gas to deliver to the end consumers via its pipeline network.

The company expects to stabilise the entire production and sales operations in the next few weeks.

Its block MB/OSDSF/B80/2016 covers 56 sq km area in Western Offshore and was awarded under the First Discovered Small Field (DSF) in the Bid Round 2016.

HOEC is the operator of this oil field with 60% participating interest, and 40 % is owned by Adbhoot Estates. Under the Revenue Sharing Contract (RSC), the oil and gas produced from the block relish marketing and pricing freedom.

Image Source

Also read: ONGC commissions two Rs 6,000 cr project to boost oil output

Hindustan Oil Exploration Company (HOEC) told the media that D-1 and D-2 wells had been individually brought online for production after successfully addressing the technical issues faced during pre-commissioning operations. Gas sales to Gujarat State Petroleum Corporation Limited (GSPC) commenced from Oil and Natural Gas Corporation Limited (ONGC) Gas Processing Terminal at Hazira. Before the commencement of sales, gas production from D-2 was processed to meet the specifications and packed into the ONGC pipeline from 31 May. The Gas Transportation Agreement (GTA) between ONGC and HOEC was executed this year on 3 June. The D-1 well on production flows at lower rates for safe stabilisation of all operational parameters. The produced oil is then transferred through the pipeline to a HOEC's Floating Storage Offloading vessel (FSO). FSO can store it for over six months of production. The processed gas is exported through the ONGC pipeline network to its Hazira Gas Processing Terminal. ONGC then redelivers B-80 gas into the flagship Hazira-Vijaipur-Jagdishpur (HVJ) pipeline owned by the Gas Authority of India Limited (GAIL). GSPC offtakes the B-80 gas to deliver to the end consumers via its pipeline network. The company expects to stabilise the entire production and sales operations in the next few weeks. Its block MB/OSDSF/B80/2016 covers 56 sq km area in Western Offshore and was awarded under the First Discovered Small Field (DSF) in the Bid Round 2016. HOEC is the operator of this oil field with 60% participating interest, and 40 % is owned by Adbhoot Estates. Under the Revenue Sharing Contract (RSC), the oil and gas produced from the block relish marketing and pricing freedom. Image Source Also read: ONGC commissions two Rs 6,000 cr project to boost oil output

Next Story
Infrastructure Urban

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Next Story
Infrastructure Urban

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Next Story
Infrastructure Transport

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement