HOEC to begin oil production from B-80 in April

16 Dec 2020 CW Staff

In its two years of taking over the B-18 block, Hindustan Oil Exploration Company (HOEC) has discovered more resources and invested money to start an oil and gas output from April next year. P Elango, the Managing Director of HOEC, mentioned that the company would start producing nearly 8,500 barrels per day of oil and gas from its B-80 block.

Oil and Natural Gas Corporation (ONGC) made an oil discovery in one of the five well it had drilled in the B-80 block that is situated in the Arabian Sea, off the Mumbai coast. However, they failed to find economics to develop it. For the same reason, ONGC had established a 3,500 barrels per day production.

Elango added that the company carried out exploration work and studies while keeping its cost low and optimised production facilities.

HOEC converted an old jack-up rig into a Mobile Offshore Process Unit (MOPU) to produce, store oil offshore, and transfer it to refiners. It is more affordable than building a fixed platform on the block.

Additionally, the MOPU can store nearly 900,000 barrels of oil. Whereas, gas is delivered to the Gujarat market through an existing gas pipeline of ONGC.

HOEC has a 50% stake in the block whereas the remaining lies with Adbhoot Estates. HOEC has increased its stake in the block to 60% in the last week as Adbhoot are facing financial problems.

The company has a Rs 150 crore loan which will be used for capital spending and cash reserves for unforeseen costs. It also includes the installation of floating storage and offloading (FSO) units to commercialise the production of gas and oil.

B-80 block is a large resource base with potential for production as confirmed by Elango. Moreover, they have built a track record on execution by April 2021 to deliver first oil.

Image Source

Infrastructure Urban

06 Nov 2025

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..

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..

ORGATEC India Debuts in Mumbai, Transforming the Future of Workspaces

ORGATEC, the global benchmark for workspace design, technology, and facility innovation, opened its first-ever Indian edition today at the Jio World Convention Centre, Mumbai—marking a major milestone for India’s commercial interiors and office solutions industry. With 103 exhibitors from over 10 countries and more than 8,000 trade visitors expected, ORGATEC India 2025 is set to redefine how workplaces in India are designed, automated, and experienced.The inaugural ceremony was graced by key dignitaries including Mr. Nirupam Chaudhuri (Director, NASSCOM), Ms. Bharti Singh Kalappa (Head of ..