Hindustan Oil Exploration Company Ltd

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NSEBSE

161.552.85 (1.80%)

09:39 AM,29th Nov 2023

161.502.70 (1.70%)

09:49 AM,29th Nov 2023

BSE : 500186

NSE : HINDOILEXP

Sector : Oil & Gas

ISIN Code : INE345A01011

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Last Updated: Nov 29 2023 | 09:49 AM IST

Market Cap (₹ Cr)

2136

Turnover (₹ Cr)

0.22

Volume (Shares)

133418

Face Value

10

52-WK High

257.95

52-WK High Date

11 Aug 2023

52-WK Low

115.75

52-WK Low Date

28 Mar 2023

All Time High

399.25

All Time High Date

10 Sep 2009

All Time Low

7.00

All Time Low Date

05 Sep 2000

Hindustan Oil Exploration Company Ltd

Hindustan Oil Exploration Company Limited (HOEC) is a participant in various oil and gas blocks/fields which are in the nature of joint operation through Production Sharing Contracts (PSC) entered by the Company with Government of India along with other entities. The Company at present is engaged in the exploration development and production of hydrocarbons crude oil and natural gas in India both onshore and offshore.Apart from these 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: AAP-ON-94/1 in Assam; CY-OS/90-1 (PY-3) and PY-1 in Cauvery and Asjol CB-OS-1 CB-ON-7 and North Balol in Cambay. Production of crude oil from PY-3 Field located in Cauvery Basin is the principal source of the company's 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 1991-92 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 1999-2000 they enhanced their presence in the Cambay basin of Gujarat by signing two more exploration blocks. During the year 2000-01 Production Sharing Contracts were signed by the company for three exploration blocks namely CB-ON-2 CB-ON-7 and CY-OSN-97/1(NELP). During the year 2001-02 exploration work was commenced in block CB-ON-7 (Palej) and CB-ON-2 (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 2006-07 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 company's PY-1 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 RJ-ONN-2005/1 RJ-ONN-2005/2 under the New Exploration Licensing Policy Round VII (NEPL VII) by the Government of India.During FY 2008-09 Company acquired 3D Seismic Data; it installed and constructed PY-1 Offshore Production Facilities (Platform & Pipeline); installed PY-1 Onshore Facilities and drilling of two Development Wells and establish Phase I plateau production. During the year 2009-10 Company commissioned commercial production of natural gas from PY-1 Field on November 27 2009. It commissioned drilling of the first appraisal well Dirok-2 field in Assam on July 20 2010.During the year 2012-12 Company drilled multi-lateral well `Surya' in PY-1 Field and thereby commissioned an independent 3rd Party reserve certification to re-assess the potential of PY-1 Field. The Company implemented various cost optimisation initiatives in PY-1 Field including de-hiring of chopper services de-hiring of warehouse and explosive storage yard undertaking in-house maintenance of critical equipment tele linking platform to control centre through a low cost yet proven and reliable solution phasing out expatriates at PY-1 site and improvised rotational work pattern for effective manpower utilization.During the year 2017-18 a development expenditure of Rs 4811.36 lacs was incurred for the gas development project at Assam PY-1 drilling campaign and B80 development. An expenditure of Rs 814.72 lacs was incurred to secure the PSC for the adjoining area of Block CB-ON/7 during the year.During the year 2018-19 Company acquired the entire share capital of Geopetrol International Inc. (GPII) and became a wholly owned step-down subsidiary of Company.The Company commissioned Hollong Modular Gas Processing Plant completed 200000 hours of LTI free operation. It completed two subsea well drilling campaign in Mumbai Offshore in March-April 2020. Post installation of Single Point Mooring (SPM) system and mobilisation of the Floating Storage and Offload (FSO) vessel the pre-commissioning of the processing facilities at KGB - Offshore Installation such as separators gas dehydration unit and compressors etc. was started. Gas produced from well D-2 was processed to meet the specifications and packed into ONGC pipeline from May 31 2022 onwards. Subsequently Gas Transportation Agreement (GTA) between ONGC and HOEC was executed on June 03 2022. Post meeting the gas specification sales to GSPC has commenced effective from June 04 2022.

Hindustan Oil Exploration Company Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

2136

EPS - TTM (₹) [S]

13.84

P/E Ratio (X) [S]

2.16

Face Value (₹) 10
Latest Dividend (%)5.00
Latest Dividend Date 23 Aug 2010
Dividend Yield (%) -
Book Value Share (₹) [S]74.84
P/B Ratio (₹) [S]2.16
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Groww Nifty Total Market Index Fund-Regular (G) 0.00 238 0.01
Groww Nifty Total Market Index Fund-Direct (G) 0.00 238 0.01

Research Reports

Date BrokerActionPrices(Rs)Report
28-01-2022HDFC Securities Buy 210

Stock Strength

Today's Low/High

159.65

161.70

Week Low/High

157.65

166.00

Month Low/High

157.65

176.00

Year Low/High

115.75

258.00

All time Low/High

7.82

399.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-0.28%-0.31%0.770.97%
1 Month-0.28%-0.43%4.315.03%
3 Month-4.75%-4.77%2.233.42%
6 Month-12.01%-12.11%5.867.56%
1 Year12.81%12.85%6.147.45%
3 Year110.49%110.76%50.6954.25%

Bulk/ Block

ALL
NSE
BSE
ALL
BUY
SELL
DateClient NameExchangeTransactionQuantityPrice
28-09-2023HDFC BANK LTDBSESELL1365000155.11
28-09-2023HDFC BANK LTDNSESELL1100260155.25
28-09-2023JAINAM BROKING LIMITEDNSESELL330703169.93
28-09-2023JAINAM BROKING LIMITEDNSEBUY1199048169.62
28-09-2023MANSI SHARE AND STOCK ADVISORS PVT LTDNSEBUY1105604167.16
28-09-2023MANSI SHARE AND STOCK ADVISORS PVT LTDNSESELL949655167.63
28-09-2023SETU SECURITIES PVT LTDNSESELL1716472170.17
28-09-2023SETU SECURITIES PVT LTDNSEBUY1484971169.87
18-08-2023GRAVITON RESEARCH CAPITAL LLPNSESELL1153055180.03
18-08-2023GRAVITON RESEARCH CAPITAL LLPNSEBUY1153055180.31

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Company Info

Company Information

Independent Director : Sharmila Amin

Managing Director : P Elango

Whole Time Director & CFO : R Jeevanandam

Independent Director : P K Borthakur

Director : Ashok Kumar Goel

Director : ROHIT RAJGOPAL DHOOT

Chairman & Independent Directo : Vivek Rae

Company Sec. & Compli. Officer : S Muthukrishnan

Registered Office: HOEC House Tandalja Road, Off Old Padra Road,Vadodara,Gujarat-390020 Ph: 91-0265-2330766/2333565

Email:contact@hoec.com

URL:http://www.hoec.com