Hindustan Oil Exploration Company win contracts; stock soars
Shital Jibhe / 16 Feb 2017
HOEC bags award of two contract areas to the company in consortia with Oil India Limited, Prize Petroleum Limited and other private company by the Government of India in the bidding for discovered small field bids round (DSF 2016).
HOEC bags award of two contract areas to the company in consortia with Oil India Limited, Prize Petroleum Limited and other private company by the Government of India in the bidding for discovered small field bids round (DSF 2016).
HOEC has 50 per cent participating interest in the offshore field B-80 and 40 per cent in the onshore field Kherem. HOEC is the operator for both the fields. Hindustan Oil Exploration Company Ltd. engages into field of oil and gas exploration.
Incorporated in the year 1983, Hindustan Oil Exploration Company Ltd. is based in Vadodara. The Company has participating interest in nine oil and gas fields in India.
Following this development, shares of HOEC touched 52-week high of Rs 78.90. It soared by more than 2.6 per cent. In the last one year, the stocks has delivered more than 180 per cent returns.
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