Hindustan Oil Exploration Company Ltd to shut production at B-80 field for flushing wax deposition

Hindustan Oil Exploration Company Limited has announced that the oil export line from Wells to MOPU has blockage due to wax deposition in the pipeline of B-80 field. To remove the wax deposition from the pipeline, the production is planned to be shut-in on 11:00 hours of 16th Sep 2023 for flushing of the wax deposition in oil export line. On completion of flushing and recommencement of production from the field.

Shares of Hindustan Oil Exploration Company Limited was last trading in BSE at Rs. 171.15 as compared to the previous close of Rs. 160.00. The total number of shares traded during the day was 160970 in over 2912 trades.

The stock hit an intraday high of Rs. 173.50 and intraday low of 162.50. The net turnover during the day was Rs. 27218791.00.

Source : Equity Bulls

Keywords

HindustanOilExplorationCompany INE345A01011 HOEC B80 ProductionShutdown Flushing WaxDeposition