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BUSINESS

Hindustan Oil Exploration Halts Operations Due to Extreme Weather 

The activation of these wells is a significant step for HOEC in enhancing its production capabilities.

Hindustan Oil Exploration Company Ltd. (HOEC) announced on Wednesday, 7 August, that unfavourable weather has disrupted activities at its western offshore Block B-80 field.

The company stated in its regulatory filing that no loss is expected due to this disruption. 

The weather made it difficult for the single point mooring (SPM) system-moored floating storage offshore (FSO) unit to hold its place for more than ten days, posing serious obstacles. The hawser, a bulky cable used for mooring, separated on Tuesday, 6 August.

The FSO was de-moored and anchored to guarantee the security of the ship, SPM, and floating hose.

Production from western offshore Block B-80 will resume, and the FSO will be re-moored with a new hawser once weather conditions normalise.

The export flowline has been cleaned with water to avoid damage, and fuel and chemicals have been used to seal the wells.

The company claims that in this instance, insurance coverage is nonexistent. According to HOEC, weather-related disruption is considered a common risk in operations pertaining to offshore oil and gas exploration and production.

The field in which Hindustan Oil Exploration Company operates is the upstream oil and gas business. Ten of the eleven blocks in HOEC’s portfolio are operatorships, with eight of them being onshore and three offshore.

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