Asset Portfolio

    Offshore Assets

    Block MB/OSDSF/B-80/2016 (B-80)
    The Field Development Plan of this Block involves drilling two new subsea development wells. The major part of the drilling campaign was executed during the COVID-19 pandemic amidst the complete lockdown. Despite facing global sourcing hurdles and navigating local logistics, HOEC successfully completed the drilling campaign. The project involved installation of India’s first Mobile Offshore Processing Unit (MOPU), setting up a Single Point Mooring (SPM) system, and mobilizing a Floating Storage & Offloading (FSO) vessel.
    The field was put on production in June 2022 and HOEC became the first company to initiate production from an offshore field under the DSF policy of the Government of India. The first crude offtake was recorded on January 30, 2024.
    Block MB/OSDSF/B15/2024
    This Block spans over 332.4 Sq. Kms. area in the Mumbai Offshore region at a water depth of about 40m, encapsulating two discoveries B-15A-1 and B-15-2, with potential for further exploration. A total of 6 wells has been drilled in this contract area. Well B-15A-1 tested approximately 1.66 million standard cubic feet per day (mmscfd) of gas and 1833 barrels of oil per day (bopd) and Well B-15-2 tested around 1151 barrels of oil and 0.91 mmscfd of gas from the Panna formation. HOEC is the Operator of this Block with 100% Participating Interest.
    fso
    B-83
    B-85
    B-81
    B-82
    cauvery
    cauvery1

    Brief Snapshot

    BLOCK MB/OSDSF/B-80/2016 Block MB/OSDSF/B15/2024
    Regime DSF DSF
    Location West coast of India in the Arabian Sea, at a Distance of110 km from Mumbai City West coast of India in the Arabian Sea, at a distance of 170 km from Mumbai City
    Acreage 56.02 sq.km 332.35 sq.km
    Asset Type Under Production Discovered Small Field
    Hydrocarbon Type Oil & Gas Oil & Gas
    Safe Man hours 0.43 million N/A
    Average Production (BOEPD) 2500 Field Development Plan is in progress.

    What’s on the Horizon

    B-80
    • Minimum Work Programme commitment of drilling 2 subsea wells completed in fast-track mode
    • First among the Offshore Blocks awarded under DSF Bid Round I to be put on production from June 2022 onwards.
    • Plan to drill 3 development wells and hook up for production in FY 2026-27
    B-15
    • Minimum Work Programme commitment is to drill 3 wells Development wells
    • This Field lies to the north of the prolific Mumbai High Field
    • Well B-15A-1 has flowed 3300 Bbl/d Oil and 2.5 MMSCFD Gas during well testing in the reservoir interval of Panna Formation
    • Well B-15-2 has flowed 1150 Bbl/d Oil and 1MMSCFD Gas during well testing in the reservoir interval of Panna Formation
    HOEC holds Participating Interest in two offshore Blocks in Cauvery basin – PY-1 and PY-3.
    PY-1
    PY-1 field’s unconventional fractured granitic basement reservoir marks it as one of India’s first offshore non-associated natural gas fields to be developed and put into commercial production since 2009. HOEC has installed an offshore well-head platform named SUN with nine well slots. A sophisticated 57 km sub-sea pipeline connects the platform to the landfall point at Pillaiperumalnallur Village (PPN), at Thirukadayur (Tamil Nadu), where an onshore gas processing terminal has been established. This gas processing facility has a handling capacity of 55 MMSCFD.
    PY1
    PY2
    PY3
    B-80
    PY4
    PY5

    Brief Snapshot

    BLOCK PY-1 PY-3
    Regime Pre-NELP Pre-NELP
    Location Along the NE-SW Madanam Ridge in Cauvery Basin Tranquebar depression in Cauvery Basin
    Acreage 75 sq. km 81 sq.km
    Asset Type Under Production Field shut-in from July 2011
    Hydrocarbon Type Gas Oil
    Safe Man hours 6.95 million –
    BLOCK PY-1 PY-3
    Regime Pre-NELP Pre-NELP
    Location Along the NE-SW Madanam Ridge in Cauvery Basin Tranquebar depression in Cauvery Basin
    Acreage 75 sq. km 81 sq.km
    Asset Type Under Production Field shut-in from July 2011
    Hydrocarbon Type Gas Oil
    Safe Man hours 6.95 million –
    Average Production (BOEPD) 65 –

    What’s on the Horizon

    PY-1
    • Approved Revised Field Development Plan is in place for drilling 3 development wells
    • Petrovietnam (PVEP-ITC), Vietnam has recommended to drill additional wells targeting fractured basement reservoir based on their sub-surface studies.
    • Plan to drill 3 wells with extended well testing in FY 2025-26.

    Mumbai Offshore Basin

    Block MB/OSDSF/B-80/2016 (B-80)
    The Field Development Plan of this Block involves drilling two new subsea development wells. The major part of the drilling campaign was excuted during the COVID-19 pandemic amidst the complete lockdown. Despite facing global sourcing hurdles and navigating local logistics, HOEC successfully completed the drilling campaign. The project involved installation of India’s first Mobile Offshore Processing Unit (MOPU), setting up a Single Point Mooring (SPM) system, and mobilizing a Floating Storage & Offloading (FSO) vessel.
    The field was put on production in June 2022 and HOEC became the first company to initiate production from an offshore field under the DSF policy of the Government of India. The first crude offtake was recorded on January 30, 2024.
    Brief Snapshot
    BLOCK MB/OSDSF/B-80/2016
    Regime DSF
    Location West coast of India in the Arabian Sea, at a Distance of110 km from Mumbai City
    Acreage 56.02 sq.km
    Asset Type Under Production
    Hydrocarbon Type Oil & Gas
    Safe Man hours 0.43 million
    Average Production (BOEPD) 2000
    What’s on the Horizon
    B-80
    • Minimum Work Programme commitment of drilling 2 subsea wells completed in fast-track mode
    • First among the Offshore Blocks awarded under DSF Bid Round I to be put on production from June 2022 onwards.

    Cauvery Basin

    HOEC holds Participating Interest in two offshore Blocks in Cauvery basin – PY-1 and PY-3.
    PY-1 field’s unconventional fractured granitic basement reservoir marks it as one of India’s first offshore non-associated natural gas fields to be developed and put into commercial production since 2009. HOEC has installed an offshore well-head platform named SUN with nine well slots. A sophisticated 57 km sub-sea pipeline connects the platform to the landfall point at Pillaiperumalnallur Village (PPN), at Thirukadayur (Tamil Nadu), where an onshore gas processing terminal has been established. This gas processing facility has a handling capacity of 55 MMSCFD.
    Brief Snapshot
    BLOCK PY-1 PY-3
    Regime Pre-NELP Pre-NELP
    Location Along the NE-SW Madanam Ridge in Cauvery Basin Tranquebar depression in Cauvery Basin
    Acreage 75 sq. km 81 sq.km
    Asset Type Under Production Field shut-in from July 2011
    Hydrocarbon Type Gas Oil
    Safe Man hours 6.95 million –
    Average Production (BOEPD) 65 –
    What’s on the Horizon
    PY-1
    • Approved Revised Field Development Plan is in place for drilling 3 development wells
    • Drilling expected to commence in FY 2025-26