HOEC Awarded Mumbai Offshore Contract Area MB/OSDSF/MUMBAI OFFSHORE/2025
Hindustan Oil Exploration Company Limited (HOEC) has been awarded the Contract Area MB/OSDSF/MUMBAI OFFSHORE/2025 under DSF Bid Round-IV. The award is subject to the execution of a Revenue Sharing Contract (RSC). The contract area includes multiple discovered fields in the Mumbai Offshore basin.
The award of a new contract area is significant for the company's growth and operational expansion, indicating future potential business development.
The company has been awarded a new contract area, which is a positive development for its business and expansion in the offshore exploration sector.
Hindustan Oil Exploration Company Limited (HOEC) has been awarded the Contract Area MB/OSDSF/MUMBAI OFFSHORE/2025 under the Discovered Small Field (DSF) Bid Round-IV by the Government of India. The Directorate General of Hydrocarbons (DGH) communicated this award via a letter dated 31 August 2026.
The award is contingent upon the execution of a Revenue Sharing Contract (RSC) between the President of India and HOEC. The bid work programme, commercial terms, area, map, and coordinates submitted by HOEC will be part of the final RSC. Details regarding the execution of the RSC will be announced later.
The awarded contract area is situated in the Mumbai Offshore basin and encompasses several discovered fields: C-23-9, C-39-14, BH-68, WO-5-11, and B-174-1, along with their associated geographical boundaries and well locations.
This award reinforces HOEC's footprint in the Western Offshore region, where it already operates the B80 field and is preparing for the development of the B15 field, which was awarded in 2025. HOEC plans to assess the discovered hydrocarbons in the new area, prioritizing rapid and cost-effective development. This includes exploring integration, infrastructure sharing, and operational synergies with its existing and developing Western Offshore assets.
A plain-language summary of a public exchange filing by Hindustan Oil Exploration Company Limited. Read the original for the full detail.