Investor Presentaiton
Q3 FY19-20 PERFORMANCE HIGHLIGHTS
Gross Production
(BOEPD)
Q3 FY20: 7983
HY 20 8853
Net Production
(BOEPD)
Q3 FY20: 3233
HY 20: 3578
Investor presentation Q3 2019-20
Drilling of first well completed safely and successfully; Conversion of Jack-up rig to MOPU
for B80 on-track for sail out in March 2020; Floating Storage & Offloading (FSO) tanker
sourced for deployment in B-80
• Dirok production curtailed due to local agitations & partial shutdown of major consumers
like BVFCL
Gross Production
- PY-1 (BOEPD)
Q3 FY20: 782
HY 20 : 850
Revenue from
Operations
(in Cr.)
Gross Production
-Dirok (BOEPD)
Q3 FY20: 6427
HY 207184
Cash & Cash
Equivalent (in Cr.)
Q3 FY20 : 50
Q3 FY20: 176
• Limited gas offtake at PY-1 due to prolonged major consumer shutdown - MOU executed
with a private consumer on fall back basis with premium pricing
• Production Sharing Contracts (PSC) for PY-3, PY-1, Asjol extended upto 2030
Cambay Basin; Palej R2 PSC execution further delayed; HOEC is the highest bidder for four
marginal onshore blocks of GSPC; Farm-in discussions with JV partner (holding First Right
of Refusal) initiated
• Kherem forest clearance approved; Petroleum Mining Lease (PML) awaited
Kharsang PML executed by Government of Arunachal Pradesh
• HOEC submitted bid for Digboi Field under Production Enhancement Contract (PEC)
tender floated by Oil India
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