Hindustan Oil Exploration Company Limited — PPTs, 13-08-2026: Investor Presentation

Here's a concise summary for Hindustan Oil Exploration Company Limited (HOEC):

HOEC's Q1 FY27 consolidated revenue was ₹124.01 Cr, with net profit at ₹6.24 Cr. Performance was affected by a ₹260 Cr crude sales dispute with HPCL, now resolved through third-party sales. While B80 production reduced, Kharsang successfully doubled oil output after workovers, although its high gas potential is currently shut-in due to evacuation constraints. Dirok's gas production remains restricted by evacuation routes.

HOEC is prioritizing aggressive drilling and production enhancement. B80 plans 3 new wells in Q4 FY27 (capex USD 45 million, funding sought), and Kharsang targets 9 additional wells this fiscal. PY1 will see a booster compressor and intervention for increased sales. Dirok's Field Development Plan is approved till 2035, and its Production Sharing Contract extension is under review. A Crude Oil Lifting Technology (COLT) pilot in NB-11 (Cambay) showed early success, and a Thermic Fluid Heater boosted Palej production by 20%, with Sucker Rod Pumps expected to further enhance output to ~200 bopd/well. The company aims for production optimization and expanding gas evacuation routes, expecting Palej to reach ~600 bopd by FY27-28. An exploration well in Block-19 is slated for Q4 FY27/Q1 FY28.