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Hindustan Oil set to turn a discovered small field success story

The company is expected to start production from the block during the third quarter of the current financial year

Oil
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A total of 54 contract areas were awarded in the first two rounds of DSF, out of which the DGH has received field development plans for 29 areas.

Shine Jacob Chennai
At a time when the government is rolling out the red carpet for investors under the third round of discovered small field (DSF-III) auctions, Chennai-based Hindustan Oil Exploration Company (HOEC) has claimed that based on the latest estimates, B80 block — that it won during the first round of DSF — has seen a tenfold rise in oil and gas reserves.
 
The company is expected to start production from the block during the third quarter of the current financial year.
 
With B80 in place, total production by the company is expected to increase from 2,300 barrels of oil