What we do Hindustan Oil Exploration Company Limited explores, develops, and produces crude oil and natural gas in India, operating both onshore and offshore fields across key basins. |
Founded in 1,983 |
Market share Pioneer private E&P player in India with presence in 9 oil and gas blocks across 4 major basins, contributing significantly to domestic hydrocarbon production. |
Problem solved Addresses India's demand for hydrocarbons by exploring and producing domestic oil and gas resources, reducing dependence on imports. |
Top clients or who we serve Primarily B2B operations serving government agencies and energy sector companies under Production Sharing Contracts with the Indian government. |
Key management - |
Our journey and innovations Founded in 1983, HOEC pioneered private sector E&P in India, expanded via PSCs, joint ventures, and acquisitions, advancing offshore tech and modular gas processing. |
Where we operate India across Assam-Arakan, Cauvery, Cambay, Mumbai Offshore basins and Arunachal Pradesh, with operational presence on both coasts and northeast. |
Top products or what we offer Exploration and production of crude oil, natural gas, geological services, and marketing of fuel additives via subsidiary HOEC Bardahl India Ltd. |
Top brands HOEC hydrocarbon assets including PY-1 offshore platform, B-80 and Kharsang oil gas fields; HOEC Bardahl fuel additive brand. |
Raw materials needed Crude oil and natural gas reserves; inputs for exploration equipment and additives production. |
Raw materials supplier Not specifically detailed; exploration inputs sourced globally and regionally as needed. |
Recurring vs cyclical contribution Revenue is a mix but largely cyclical linked to oil and gas prices and production levels with some steady contractual sales. |
Our industry position Among India's first private explorers with a strong foothold in multiple basins, leading in offshore production and gas processing capabilities. |
Financial highlights FY25 consolidated revenue approx. ₹4209 crore with net profit ₹1472 crore; growth driven by production increases and cost optimization. |
Geographical revenue split Revenue generated mainly from Indian onshore and offshore oil and gas operations; no material export revenue. |
Order book Not specified; operations driven by ongoing production and new exploration contracts and licenses. |
Whats driving growth Growth propelled by development of discovered resources, new drilling, approvals for PSC extensions, and infrastructure expansion like pipelines and gas grids. |
Our future plans Focus on drilling new wells in PY-1, Kharsang, North Balol; expanding pipeline connectivity; developing offshore assets; pursuing inorganic growth. |
Our green promise Implemented energy conservation via solar lighting, emissions monitoring, flare reduction, and eco-friendly pipeline laying in sensitive areas. |
Our people and values Employs 119 permanent staff; emphasizes safety, inclusion, training, and professional growth aligned with stakeholder respect and sustainability. |
Key challenges ahead Production disruptions, regulatory approvals, commodity price volatility, and environmental compliance remain key operational risks. |
Interesting facts HOEC operates India's only offshore gas-bearing fractured granitic basement reservoir at PY-1 field; pioneered private sector E&P since 1983. |
Risks and strategy Manages risks via cost control, contract extensions, tech upgrades, community engagement, and diversification through subsidiaries in oilfield services. |
