Hindustan Oil Exploration secures Umatara contract in consortium with IOC


Hindustan Oil Exploration secures Umatara contract in consortium with IOC

Hindustan Oil Exploration Company (HOEC) has awarded with a contract area identified as A/ONDSF/Umatara/2018 in consortium with Indian Oil Corporation Limited (IOC) under the Discovered Small Field Policy Bid Round II.

Umatara is located within an aerial distance of 50 km from Dirok Field operated by HOEC and forms part of upper Assam Shelf Petroleum system. The contract area extends to 52 square km lies in the south west of giant Naharkatiya oil field and the nearest oil handling facility is at Sapkaint within 14km distance.

Umatara block received wide and competitive interest of bidders from both public and private sector. Participating Interest of the company in the block will be 10% and IOC will hold 90%. Read more

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