Hindustan Oil Exploration Company (HOEC) is reportedly expecting growth in its production to around 8,000 barrels during the current fiscal year from 500 barrels of oil equivalent during 2015, on the back of the growing production in its Assam facility. The company, which has been facing crisis after shutting down one of its facility in 2011, is expecting its three ongoing projects to take up the production to 25,000 barrels in three to five years.
In 2015, the company's production was of 500 barrels of oil equivalent, including for its partner firms. Of this, around 400 barrels were for the company.
