Hindustan Oil Exploration Company (HOEC) has received approval from The Ministry of Petroleum and Natural Gas (MoPNG) and Directorate General of Hydrocarbons (DGH) for commerciality of ‘Dirok’ hydrocarbon discovery in Block AAP-ON-94/1 located in Assam-Arakan basin with the mean Gas-Initially-In-Place (GIIP) of 254 BCF.
Following this approval, Hindustan Oil Exploration Company (HOEC), as the Operator of the Block, is preparing the Field Development Plan for Dirok Discovery with the objective to bring the First Gas to the market in an accelerated manner, subject to timely receipt of various regulatory approvals for the development / production phase.
HOEC has 26.88 % participating interest in the development and production phase of Dirok Discovery. The other Consortium Partners include Oil India (OIL) and Indian Oil Corporation (IOCL).
Hindustan Oil Exploration Company was the first private company in India to enter into field of oil and gas exploration. The company’s operational activities commenced in 1991 with the Government of India announcing the fourth round of exploration bidding for private sector participation.
