HOEC and Oil India win Rajasthan E&D deals
Oil companies awarded two blocks in India's largest state
Two exploration blocks in Rajasthan, India’s largest state, have been awarded to consortia led by Hindustan Oil Exploration Company (HOEC) and Oil India.
Block RJ-ONN- 2005/1 with 20% interest will be operated by HOEC and its partners in the venture : Bharat Petro Resources, IMC and Jindal Petroleum. Three wells have been drilled in the 1424-square-kilometre block.
Oil India and its partners HOEC and HPCL-Mittal Energy will operate Block RJ-ONN-2005/2 with 25% interest. The 1518-square-kilometre block has had two wells previously drilled.
Both exploration licences will run for seven years.