Hindustan Oil Exploration Company Ltd. (HINDOILEXP)
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Hindustan Oil Exploration Company Ltd. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | - CEO | XNSE Exchange | Y3224Q117 CUSIP |
| India Country | 112 Employees | 23 Aug 2010 Last Dividend | 15 Nov 2007 Last Split | - IPO Date |
Overview
Hindustan Oil Exploration Company Limited (HOEC) is a premier oil and gas company based in Chennai, India. Founded in 1983, HOEC has carved a niche for itself in the energy industry by focusing on the exploration, development, and production of crude oil and natural gas. With a significant presence both onshore and offshore, the company has contributed to India's energy sector by augmenting the country's oil and natural gas production. Operating in a challenging and competitive market, HOEC has demonstrated resilience and innovation in its pursuit of exploring and harnessing energy resources.
Products and Services
- Exploration and Development:
HOEC specializes in the exploration and development of oil and natural gas fields. Utilizing advanced technology and methodologies, the company identifies and assesses potential underground or underwater crude oil and natural gas fields. This involves geological surveys, seismic data analysis, and exploratory drilling to discover and evaluate reservoirs.
- Production of Crude Oil and Natural Gas:
Post the successful exploration and development of oil and natural gas fields, HOEC undertakes the production phase. This involves extracting crude oil and natural gas from the identified reservoirs through well-established techniques that ensure efficiency and safety. The company’s production activities are instrumental in contributing to India's energy supply, addressing the growing energy demand in the country and beyond.
- Oil Field Equipment and Services:
HOEC provides a comprehensive range of services and supplies equipment related to oil field operations. This encompasses the provision of drilling rigs, well completion services, production equipment, and support services necessary for efficient exploration, development, and production activities. By offering these critical services, HOEC facilitates smoother operations for its projects and partners, ensuring that oil and gas exploration and production are conducted using the best practices and equipment available.
