HOEC Temporarily Halts Production from Pramoda Field

Hindustan Oil Exploration Corporation reports that due to some technical problems, the production from Pramoda Oil Field in Block CB-ON/7, onshore Cambay basin in India is temporarily shutdown. The Company is in the process of undertaking necessary corrective actions to resume production.

HOEC is the Operator of the Block with 35% participating interest in this Development Area. Other partners are Gujarat State Petroleum Corporation Limited with 35% PI and Oil and Natural Gas Corporation Limited (Licensee) with 30% PI."