Hindustan Oil Exploration hikes participating interest to 60% in B-80 field
Fri, Dec 11, 2020 6:01 PM

Hindustan Oil Exploration hikes participating interest to 60% in B-80 field

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Hindustan Oil Exploration Company Limited (HOEC) on Friday increased its participating interest in Block-80 field to 60% from 50%. It secured a medium-term loan facility of Rs150cr. HOEC affirmed that a Deed of Assignment and Assumption will come into effect with Adbhoot Estates Private Limited (Adbhoot) for assigning 10% of its participating interest in favour of HOEC.

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