Investor Presentaiton
Kharsang: Phase I Development Plan
476 boepd
Oil Production
(Q4-FY22)
30%
Direct + Indirect Pl
18
Number of
Wells to be drilled in near
future
Field Overview
HOEC acquired entire share capital of M/s Geopetrol International Inc in 2018 which has
30% stake - Direct and Indirect in Kharsang Oil field
Kharsang oil field is located in the state of Arunachal Pradesh and 60 kms away from Dirok
Post drilling of 18 wells, production expected to increase to 1800 boepd
RFDP is approved & Mining lease granted till 15 June 2030
•
Adhoc PSC extension granted
Outstanding issues related to Cost Recovery Limits (CRL) to be referred to Dispute
Resolution Committee (DRC)
Proposed drilling campaign will include appraisal of deeper prospects
H EC
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