Hindustan Oil Exploration resumes oil production from D-1 well of B-80 field

12 Dec 2022 , 02:20 PM

Hindustan Oil Exploration Company Limited has resumed oil production from D-1 well in its B-80 field, located in western offshore, after arresting a leak in the SCSSV control line.

As per the regulatory filing, due to the aforesaid issue, the well D1 was shut down and now brought on to production after the pumping of a sealant and opening the SCSSV isolation valve on the subsea tree. Currently both the wells are on production, and the flow rate of oil and gas of both D1 and D2 wells are about 1800 BOPD and about 9 MMSCFPD of gas, lesser than the capacity of the wells.

"Production is being restricted due to capacity limitation of the test separator through which the fluids are flowed now, since the High-Pressure Separator is under repair. Work on the High-Pressure Separator is in progress under the supervision of Expro, who is the supplier as well the O&M contractor", the company said.

Once the High-Pressure Separator is online, the production from the wells will be ramped up to its intended capacity.

Block MB/OSDSF/B80/2016 is spread over 56 Sq. Kms. area in Western Offshore and was awarded under the First Discovered Small Field (DSF) Bid Round 2016 on March 27, 2017. HOEC is the Operator of this field with 60% Participating Interest and 40 % is held by Adbhoot Estates Private Limited. Under the terms of the Revenue Sharing Contract (RSC), the oil and gas produced from this Block enjoys marketing and pricing freedom.

At around 1:33 PM, Hindustan Oil Exploration Company Ltd is currently trading at Rs143.90 per share up by Rs4.75 or 3.41% from its previous closing of Rs139.15 per share on the BSE.

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