Hindustan Oil Exploration Company Ltd Share Price – NSE /  BSE

Crude Oil & Natural Gas, Small Cap

Net profit of Hindustan Oil Exploration Company declined 27.55% to Rs 51.16 crore in the quarter ended March 2025 as against Rs 70.61 crore during the previous quarter ended March 2024. Sales declined 85.02% to Rs 43.39 crore in the quarter ended March 2025 as against Rs 289.61 crore during the previous quarter ended March 2024.

For the full year,net profit declined 34.99% to Rs 147.21 crore in the year ended March 2025 as against Rs 226.43 crore during the previous year ended March 2024. Sales declined 43.82% to Rs 420.87 crore in the year ended March 2025 as against Rs 749.13 crore during the previous year ended March 2024.

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Hindustan Oil Exploration Company will hold a meeting of the Board of Directors of the Company on 28 May 2025.

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The company had initially planned to drill nine development wells in this Block.

The Well KSG-71 is under testing with various chokes from 6mm to 8 mm and the initial rate of oil production is about 250 barrels per day.

In further progress, the second well, KSG-72, has also been spud in the block, marking a significant resumption of drilling activities in this area after a 12-year interval.

The Well KSG-71 will be hooked up for production immediately with optimum choke after the completion of well testing.

The Kharsang Block encompasses an area of about 10 square kilometers in the Assam Arakan Basin.

Geoenpro Petroleum, a wholly owned step-down subsidiary of HOEC, is the operator of the Block with 10% participating interest (PI). HOEC holds 25% PI in the Block, resulting in a combined PI of 35% in the Block.

Hindustan Oil Exploration Company owns participatory interest in exploratory and production oil and gas assets across four basins in Assam (five projects), Mumbai Offshore (one project), Cambay Gujarat (three projects) and Cauvery Offshore (two projects).

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Hindustan Oil Exploration Company (HOEC) announced the successful drilling and completion of Well KSG-71 in the Kharsang Block, where the initial plan is to drill nine development wells. This well is under testing with various chokes from 6mm to 8 mm and the initial rate of oil production is about 250 barrels per day. The second well, KSG-72, has also been spud in the Block. This marks a significant milestone, as drilling in this Block has been started after a 12-year gap. The Well KSG-71 will be hooked up for production immediately with optimum choke after the completion of well testing.

The Kharsang Block encompasses an area of about 10 square kilometers in the Assam Arakan Basin. Geoenpro Petroleum, a wholly owned step-down subsidiary of HOEC, is the Operator of the Block with 10% Participating Interest (PI). HOEC holds 25% PI in the Block, resulting in a combined PI of 35% in the Block.

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