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Hindustan Oil Exploration Company granted Petroleum Mining Lease to Dirok field

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Capital Market

On 25 August 2017

Hindustan Oil Exploration Company announced the grant of Petroleum Mining Lease to Dirok field on 25 August 2017 and the commencement of commercial production from the field forthwith. On successful testing and completion of the sixth well, all the six wells in the field are ready to hook up for production.

The Company expects the initial production to be about 10 mmscfd, restricted by the capacity of by 4' pipeline and will be ramped up to full capacity over the next six months with the commissioning of Modular Gas Processing Plant (MGPP).

Dirok Field, located in Tinsukia District of Assam has been developed in a record time of 27 months, by the JV consisting of Oil India, Indian Oil Corporation and HOEC, with HOEC as the Operator.

 

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First Published: Aug 28 2017 | 9:15 AM IST

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