Hindustan Oil Exploration Company (HOEC) has announced plans to ramp up its oil and gas production to 6,000 barrels of oil equivalent per day (BOEPD) by financial year 2027.
The company aims to achieve this significant increase as part of its broader growth strategy. However, HOEC has cautioned that reaching this target will depend on successful execution of its ongoing and future operations, implying potential operational challenges and uncertainties.
"We remain committed to expanding our production capabilities, but the achievement of this goal will be contingent on smooth operations across our assets," said a company spokesperson. The production goal underscores HOEC's aggressive outlook for growth in the coming years.