Hindustan Oil Begins Production from Pramoda Field

Hindustan Oil Exploration has begun production at its Pramoda Oil field in Block CB-ON/7 in onshore Cambay basin near Palej town, 52 kilometers from Vadodara. The hydrocarbon being produced is light crude oil.

HOEC is the operator of the Block with 35% participating interest in this development area. Other partners are Gujarat State Petroleum Corporation Limited with a 35% stake and ONGC (Licensee) with a 30% stake."

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Brent Crude Oil : $52.42/BBL 2.12%
Light Crude Oil : $49.51/BBL 2.35%
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