Hindustan Oil Temporarily Shuts Down Production at BY-3 Field

Hindustan Oil Exploration Company says production has been halted at the PY-3 Field due to the failure of the FSO - Endeavor Mooring System. FSO - Endeavor is the offshore crude storage tanker. There was no oil spill or other environmental issue due to the failure of the system.

Repairs have started on the system and production is expected to resume once completed.

Hindustan Oil has 21% non-operating Participating Interest in PY-3 joint venture.