BRIEF-Hindustan Oil Exploration commissions pipeline, gas gathering station at Dirok Gas Field

  • Reuters
  • Commodities News
BRIEF-Hindustan Oil Exploration commissions pipeline, gas gathering station at Dirok Gas Field

March 31 (Reuters) - Hindustan Oil Exploration Company Ltd HOEX.NS :

* Announces successful completion of four wells, commissioning of pipeline, gas gathering station

* Dirok Gas Field in Assam is being developed by JV consisting of Oil India (NS: OILI ), Indian Oil (NS: IOC ), and co as operator

* Oil India will buy gas at a price determined by Government of India

* Oil India is in process of obtaining petroleum mining lease from Assam government

* Confident to step up gas production to block potential via additional gas wells during FY 2018

* Aim of commencing production of 10 million cubic feet per day in Q1 fy18 will be achieved on receipt of PML

* As soon as PML is obtained by Oil India, expected by may 2017, actualisation of commercial sales would be achieved Source text: Further company coverage: HOEX.NS

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