HOEC Preparing Field Development Plan for Dirok Discovery in India
India's Hindustan Oil Exploration Company Limited reported that it is currently preparing a field development plan for the Dirok discovery in Block AAP-ON-94/1 in the Assam-Arakan basin in north eastern India after getting governmental approval of Dirok's commerciality.
The Ministry of Petroleum and Natural Gas and Directorate General of Hydrocarbons have approved the commerciality of the 'Dirok’ hydrocarbon discovery, with the mean Gas-Initially-In-Place (GIIP) of 254 billion cubic feet.
"Following this approval, Hindustan Oil Exploration Company Ltd. (HOEC), as the Operator of the Block, is preparing the Field Development Plan for Dirok Discovery with the objective to bring the First Gas to the market in an accelerated manner, subject to timely receipt of various regulatory approvals for the development/production phase," the company said in a letter to The National Stock Exchange of India Ltd.
HOEC has 26.88 percent participating interest in the development and production phase of the Dirok discovery, while Oil India Limited (OIL) and Indian Oil Corporation Limited (IOCL) are the other consortium partners.
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