Hindustan Oil Exploration Company was incorporated in 1983 when there was a dire requirement for private participation in the Indian Oil and Gas sector. It is based in Chennai, India. After more than three decades of existence, it has emerged as a fast-growing & independent Exploration & Production player in India. The company gives geophysical & geological services based on the exploration of oil & natural gas and other oil field services.
Hindustan Oil Exploration Company stock fundamental analysis provides a triple-digit bottom-line growth over the past couple of years with its most recent earnings level exceptional compared to its average level over the last 5 years. This company aims to build long-term stakeholder value. The company contains a 100% subsidiary namely HOEC Bardahl India Ltd, which is occupied in the marketing of fuel or engine ingredients.
Stock investing needs careful analysis of financial data. This is done by scrutinising the profit and loss statement of Hindustan Oil, the balance sheet of Hindustan Oil with ratio analysis, & the cash flow statement. The stock-o-meter feature offers the latest figures of the ratios & other financials of the company. This aids the investor to make an informed & well-evaluated investment decision.MERGERS AND ACQUISITIONS
Hindustan Oil Exploration Company is India's only openly quoted oil & gas exploration & production company outside the state-controlled sector. The assets of this company are geographically spread across Gujarat, Tamil Nadu, Assam, and Arunachal Pradesh with a balanced portfolio of development & production assets in onshore and offshore.SERVICES
Hindage Oilfield Services Limited: It is an unlisted public company registered in India, a wholly-owned subsidiary of HOEC. It was incorporated on November 24, 1988. It operates in the oil field equipment & services sector.
Geopetrol International Inc.: It was incorporated in April 2018. This company occupies the exploration & development of several Oil & Gas Blocks.
Geopetrol Mauritius Limited: It was started in Mauritius, a wholly-owned subsidiary of Geopetrol International Inc. It is also engaged in the exploration & development of Oil & Gas Blocks. It contains 50% shareholding in GeoEnpro Petroleum Limited which is the operator of the Kharsang Oilfield.
2018: Hindustan Oil Exploration Company awarded contract area in consortium with IOCL under the DSF -11 bid round.MILESTONES
In 2008, the Company was awarded RJ-ONN-2005/1, RJ-ONN-2005/2 under the New Exploration Licensing Policy Round VII (NEPL VII) by India’s Government.
In 2006-07: The Company implemented an agreement with PPN Power Generating Company. It’s an independent power plant in the State of Tamil Nadu operating a 330.5 MW power plant for up to 51,000 MMBTU per day of natural gas.
In 2004, the Company obtained 3D & 2D seismic data in the Cauvery basin block situated offshore east coast of India.
In 2001-02: The exploration work was started in block CB-ON-7 (Palej) and CB-ON-2 (Tarapur) Block in Gujarat.
In 1993: The Company signed a contract of production sharing with the Ministry of Petroleum & ONGC as an operator for a block offshore in the coast of Andhra Pradesh with a 35% share.
In 1992: Hindustan Oil Exploration Company Bardahl India Ltd got the subsidiary of the company. During the year 1999-2000, they enhanced their presence in Gujarat’s Cambay basin by signing 2 more exploration blocks.
In 1991-92: The Company signed a memorandum of understanding with Petronas Carigali, Malaysia, to run joint studies on basins/blocks of mutual interest.
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Our website has information about 12 other crude oil companies that give insight into the company’s financials. Companies include Reliance Industries, Oil & Natural Gas Corporation, Bharat Petroleum Corporation, Indian Oil Corporation and Hindustan Petroleum Corporation.