Hindustan Oil Exploration Company

Hindustan Oil Exploration reported a challenging FY26 with production impacted by operational upsets and the HPCL crude sale reversal. Revenue would have been ₹559 croreCurrent reported value: ₹559 crore. No comparable prior figure is available in the source record. had the sale gone through, but actual reported revenue was lower. The company is targeting 10,000-11,000 boe/dCurrent reported value: 10,000-11,000 boe/d. No comparable prior figure is available in the source record. by June 2027, driven by workovers at B80, new wells at PY1, and drilling at Dirok and Kasang. Management highlighted a 2P reserve base of 60 million boeCurrent 2P reserve base of 60 million boe. Reported change: flat YoY. and a 3P base of 109 million boeCurrent 3P base of 109 million boe. Reported change: flat YoY., providing long-term upside. Key risks include delays in pipeline connectivity in Assam, rig availability, and funding for the capex program. The HPCL crude inventory is being sold gradually over 2-3 months at Brent-linked prices, with potential discount impacts.