Brief: Hindustan Oil Exploration commissions pipeline, gas gathering station at Dirok Gas Field

Hindustan Oil Exploration

31/03/2017 04:01

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, Indian Oil, 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: (http://bit.ly/2mUgmhY) 
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