Hindustan Oil Exploration Company Limited has informed the Exchange regarding 'Update on Block B-80 '.
HINDOILEXP · price
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Hindustan Oil Exploration Company (HOEC) has informed exchanges that the Floating Storage and Offloading (FSO) vessel at its Block B-80 has been successfully re-moored. Following this, production from both wells D1 and D2 has recommenced and the wells are currently under stabilization. This is an update to a prior intimation dated June 27, 2025, which had likely flagged the FSO mooring issue and resulting production stoppage. The resumption of production from both wells is a positive operational development for the company.
Positive for shareholders as production has resumed after a likely weather/mooring-related disruption, which should help restore revenue from Block B-80. The stabilization phase means output may not be at full capacity immediately, so near-term volumes could still be below pre-disruption levels.