Hindustan Oil Exploration Company has executed the Revenue Sharing Contract with Government of India for Block AA-ONHP2017/19 which the company had won under the Open Acreage Licensing Policy (OALP) Bid Round I on October 01, 2018.
This Block extends to an area of 79 sq. km. and is located adjacent to Dirok field operated by the company. Dirok field and its extension through this Block AA-ONHP2017/19, forms one Greater Dirok Area that is part of a proven petroleum system. Since the company understands this basin well and has adequate data, hence the company plans to fast track the exploration phase to quickly monetise on success.
Hindustan Oil Exploration Company is an oil and gas company. The company’s activities relate to exploration and production of hydrocarbons, which are natural resources. Its segments include Hydro carbon and Oil additives. Its products include crude oil and natural gas.
