Hindustan Oil Exploration Company Limited — Updates, 19-08-2026: General Updates

HOEC clarifies media reports on its PY-1 offshore field. The company plans four new development wells within the existing field to restore production levels, utilizing current infrastructure. This avoids major new capital expenditure. The project is progressing through necessary approvals. HOEC has cumulatively invested ₹3,400 Cr in the PY-1 Field.