NSEGeneral Updates16h ago · 14 Oct 2026, 12:51 pm
General Updates
Hindustan Oil Exploration Company Limited · HINDOILEXP
✦ AI Summary▲ PositiveExpansion
Hindustan Oil Exploration Company Limited has taken over the operations and ownership of the Hollong Modular Gas Processing Plant (HMGPP) in the Dirok Gas and Condensate field in Assam, from Expro North Sea Limited (ENS). The takeover enables the Dirok JV to expand plant capacity and process higher volumes from new wells, and also allows HOEC to carry out modifications for higher efficiency of operations.
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Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment8/10
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Hindustan Oil Exploration Company Limited has informed the Exchange about General Updates
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Hindustan Oil Exploration Company Limited
‘Lakshmi Chambers’, 192, St. Mary’s Road, Alwarpet, Chennai - 600 018. INDIA.
Phone: 91 (044) 66229000 ● Fax: 91 (044) 66229011 / 66229012
E-mail: contact@hoec.com ● Website: www.hoec.com CIN: L11100GJ1996PLC029880
October 14, 2026 By Online
The Listing Department The Corporate Relationship Department
National Stock Exchange of India Ltd., BSE Limited
“Exchange Plaza”, Bandra Kurla Complex, 1st Floor, P. Jeejeebhoy Towers,
Bandra (East), Mumsbai – 400 051 Dalal Street, Mumbai – 400 001
Stock Code: HINDOILEXP Stock Code: 500186
Dear Sir / Madam,
Sub: Submission of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Acquisition of the Assam Gas Plant
On behalf of the JV partners (Oil India Ltd. and Indian Oil Corporation Ltd.), HOEC has executed a
definitive agreement to take over the operations and ownership of the HMGPP (Hollong Modular Gas
Processing Plant) in the Dirok Gas and Condensate field in Assam, from the service provider – Expro
North Sea Limited (ENS) – UK.
As on 14th of October 2026, the operations of the plant have been taken over by HOEC. All existing
ENS employees in the gas plant have been transferred to HOEC employment, starting the 14th of
October 2026.
This takeover gives the Dirok JV, the ability to expand plant capacity to process higher volumes from
the three new wells that have been approved for drilling by the partners and DGH in the Dirok field,
and the new volume additions from North Dirok and Greater Dirok assets that will be drilled in future.
It also helps HOEC to carry out modifications in the plant to ensure higher efficiency of operations.
HOEC is the designated operator for Dirok Gas Field under the Production Sharing Contract between
the Government of India and the JV partners (OIL, IOCL and HOEC).
We request you to kindly take our aforesaid submission on record.
Yours Sincerely,
For Hindustan Oil Exploration Company Limited
Baroruchi Mishra
Managing Director & CEO
DIN: 09223144
Registered Office: ‘HOEC HOUSE’, Tandalja Road, Off Old Padra Road, Vadodara - 390 020. INDIA.
Phone: 91 (0265) 2330766 ● E-mail: contact@hoec.com ● Website: www.hoec.com