HOEC’s story began in 1983, when the great visionary, the late Shri. H.T. Parekh, foresaw the need for private participation in the Indian Oil & Gas sector. After more than 3 decades of existence, HOEC has now emerged as a fast-growing and independent E&P player in India. HOEC now, through its operations contributes 10,000 boe of products everyday to the nation, from 4 of the 7 producing basins in India. We have turned around our fortunes by adopting a low-cost, fast-track development model with a focus on local content, innovation and sustainable practices. We aim to create long-term stakeholder value while ensuring that we ‘Grow Responsibly’.
Our Top Priority – B-80
The Joint Venture of HOEC (50%) & Adbhoot Estates (50%) won the B-80 block in the Discovered Small Field (DSF) Round-I held by DGH. The B-80 block, with the initial data acquired & exploratory activities conducted by ONGC proved to be a viable field for production for this Joint Venture & hence a Field Development Plan (FDP) was developed.
The FDP consisted of the below main highlights:
Drilling two wells to produce oil and gas