Hindustan Oil Exploration Company Ltd (HOEC) has informed BSE that in the past, the consortium had drilled two exploration wells in Block CY-OSN-97/1, as per commitment under the Production Sharing Contract (PSC), which had been plugged and abandoned. At the end of exploration period, as per the terms of the PSC, the Block CY-OSN-97/1 stands
relinquished.
The Company had 80% participating interest in the said Block.
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