Hindustan Oil Exploration Company Ltd
Hindustan Oil Exploration Company Ltd (HINDOILEXP)

Hindustan Oil Exploration Company Ltd (HINDOILEXP)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return0.17 %
3 Month Return5.82 %
1 Year Return11.92 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 16
Rank 16
Rank 12
Dividend Yield
Rank 14
Rank 15
Price To Book Ratio
Rank 11
Debt To Asset
Rank 15

Company Information

Hindustan Oil Exploration Company Ltd is an Indian based company engaged in the exploration and production of hydrocarbons crude oil and natural gas which are natural resources. The company provides geological and geophysical services relating to the exploration of oil and natural gas and other oil field services. The company has a 100 subsidiary namely HOEC Bardahl India Ltd which is engaged in marketing of fuel or engine additives.The company has participating interest in seven oil/gas fields in India in Cambay basin Cauvery basin and Assam Arakan basin which are in varying stages of exploration development and production: AAPON94/1 in Assam CYOS/901 PY3 and PY1 in Cauvery and Asjol CBOS1 CBON7 and North Balol in Cambay. Production of crude oil from PY3 Field located in Cauvery Basin is the principal source of the companys production.Hindustan Oil Exploration Company Ltd was incorporated on September 22 1983. The company commenced their operational activities in the year 1991 with the Government of India announcing the fourth round of exploration bidding for private sector participation.In the year 199192 the company signed a MoU with Petronas Carigali Malaysia to conduct joint studies on basins/blocks of mutual interest. In February 1993 the company along with Albion India US signed a production sharing contract with the Ministry of Petroleum and ONGC as an operator for a block offshore the coast of Andhra Pradesh with a 35 share in the block.In March 30 1992 HOEC Bardahl India Ltd became the subsidiary of the company. During the year 19992000 they enhanced their presence in the Cambay basin of Gujarat by signing two more exploration blocks. During the year 200001 Production Sharing Contracts were signed by the company for three exploration blocks namely CBON2 CBON7 and CYOSN97/1NELP. During the year 200102 exploration work was commenced in block CBON7 Palej and CBON2 Tarapur Block in Gujarat. In February 2003 the Government of Gujarat granted mining lease for Dholasan Kanawara fields. In April 2004 the company acquired 3D and 2D seismic data in the Cauvery Basin block located offshore East Coast of India.In the year 2005 Burren Shakti Ltd and Burren Energy India Ltd wholly owned subsidiary of Burren Energy plc acquired 26 controlling stake in the company from Unocal. Burren Energy plc is a London based exploration and production company having core producing assets in the Caspian state of Turkmenistan the Republic of Congo and Egypt.During the year 200607 the company executed an agreement with PPN Power Generating Company an independent power plant in the State of Tamil Nadu operating a 330.5 MW power plant for the supply of upto 51000 MMBTU per day of natural gas from the companys PY1 Cauvery Basin gas field.In February 2008 Burren Energy plc was acquired by ENI UK Holdings plc which is a subsidiary of ENI spa Italy. In December 2008 the company has been awarded RJONN2005/1 RJONN2005/2 under the New Exploration Licensing Policy Round VII NEPL VII by the Government of India.
OrganisationHindustan Oil Exploration Company Ltd
IndustryCrude Oil & Natural Gas