Hindustan Oil Exploration Company Limited

rs,

ode: HINDOILEXP The Corporate Relationship Department BSE Limited, 1st Floor, P. Jeejeebhoy Towers, Dalal Street, MUMBAI – 400 001 Stock Code: 500186 Dear Sirs, Sub: Investor Presentation In co

50%

– 40 MMbbls; GIIP – 44 bcf Investor presentation Q3 2019-20 5000 bopd & 15 mmscfd in Phase - I 50% PI Target: June 2020- Subject to weather window 05 | H I N D U S T A N OIL E X P L O R A TI ON

2730 mt

L I M I T E D B - 8 0 P ROJ EC T U P DAT E 1. Drilling - First well drilled to target depth of 2730 mtr safely Preparation for well testing is ongoing - - Drilling of second well to be completed in Apr

21%

Energy on 2nd October 2019 ― Operatorship is retained by Hardy under new management ― HOEC has 21% stake in PY-3. Operates PY-1 Gas field with an offshore platform and onshore processing facilities

50.0%

d infrastructure with upside to be exploited Investor presentation Q3 2019-20 E Asjol ; (O); PI 50.0% D North Balol ; (O); PI 25.0% C CB-ON-7; (O); PI 35.0% 3 blocks - Asjol, North Balol and CB-ON/7

25.0%

o be exploited Investor presentation Q3 2019-20 E Asjol ; (O); PI 50.0% D North Balol ; (O); PI 25.0% C CB-ON-7; (O); PI 35.0% 3 blocks - Asjol, North Balol and CB-ON/7 R2 Area : CB-ON/7 ― Revised

35.0%

presentation Q3 2019-20 E Asjol ; (O); PI 50.0% D North Balol ; (O); PI 25.0% C CB-ON-7; (O); PI 35.0% 3 blocks - Asjol, North Balol and CB-ON/7 R2 Area : CB-ON/7 ― Revised FDP approved for Asjol & P

26.882%

D Q UA L I T Y A S S E T P O RT FO L I O Investor presentation Q3 2019-20 A AAP-ON-94/1; (O); PI 26.882% B AA/ONDSF/KHEREM/2016; (O); PI 40.0% • Portfolio of discovered resources – Ten blocks with dis

40.0%

Investor presentation Q3 2019-20 A AAP-ON-94/1; (O); PI 26.882% B AA/ONDSF/KHEREM/2016; (O); PI 40.0% • Portfolio of discovered resources – Ten blocks with discoveries producing / ready to be devel

10%

verse geographical footprint - Presence in 4 out of 7 producing basins in India K Umatara: PI – 10% F J F Kharsang ; (O); PI 30.0%* AA-ONHP-2017/19; (O); PI 100.0% • Balanced portfolio – Offsho

30.0%

resence in 4 out of 7 producing basins in India K Umatara: PI – 10% F J F Kharsang ; (O); PI 30.0%* AA-ONHP-2017/19; (O); PI 100.0% • Balanced portfolio – Offshore – 3 blocks/Onshore - 8 blocks

100.0%

basins in India K Umatara: PI – 10% F J F Kharsang ; (O); PI 30.0%* AA-ONHP-2017/19; (O); PI 100.0% • Balanced portfolio – Offshore – 3 blocks/Onshore - 8 blocks & Oil/Gas Added 3 blocks in FY18-

“Drilling - First well drilled to target depth of 2730 mtr safely Preparation for well testing is ongoing - - Drilling of second well to be completed in April 2020 - 2.”

“Mobile Off-shore Processing Unit (MOPU) - Conversion of Rig to MOPU is nearing completion for pre-commissioning - MOPU will be ready to sail-out in March - 2020 on target First MOPU to be deployed in India - 3.”

“Oil & Gas Export Systems Floating Storage and Off-loading (FSO) unit sourced - Dry dock and mooring systems required for deployment in B-80 Flexible pipelines to be installed to export gas by Dec 2020 Board presentation Q3 2019-20 06 | H I N D U S T A N OIL E X P L O R A TI ON C O M P A N Y L I M I T E D D I RO K P H A S E - I I D E V E LO P M E N T Project on-track for delivery of additional gas by Q1 FY21-22 RFDP approved by Managing Committee 1.”

“of Arunachal Pradesh - Phase - I completion target is Q2 FY 21-22* 08 | H I N D U S T A N OIL E X P L O R A TI ON C O M P A N Y L I M I T E D * - Subject to JV & Regulatory approvals P Y - 3 : CO R P O R AT E D E V E LO P M E N TS Investor presentation Q3 2019-20 FPS PY3 Gas export to be laid ― HEPI was acquired by Inveniere Energy on 2nd October 2019 ― Operatorship is retained by Hardy under new management ― HOEC has 21% stake in PY-3.”

Target

1

FDP approved with the following parameters

1

Tested Production

1

Company

1

Investor Relations Advisors

1

Target

June 2020- Subject to weather window 05 | H I N D U S T A N OIL E X P L O R A TI ON C O M P A N Y L I M I T E D B - 8 0 P ROJ EC T U P DAT E 1. Drilling - First well drilled to target depth of 2730 mtr safely Preparation for well testing is ongoing - - Drilling of second well to be completed in April 2020 - 2. Mobile Off-shore Processing Unit (MOPU) - Conversion of Rig to MOPU is nearing completion for pre-commissioning - MOPU will be ready to sail-out in March - 2020 on target First MOPU to be deployed in India - 3. Oil & Gas Export Systems Floating Storage and Off-loading (FSO) unit sourced - Dry dock and mooring systems required for deployment in B-80 Flexible pipelines to be installed to export gas by Dec 2020 Board presentation Q3 2019-20 06 | H I N D U S T A N OIL E X P L O R A TI ON C O M P A N Y L I M I T E D D I RO K P H A S E - I I D E V E LO P M E N T Project on-track for delivery of additional gas by Q1 FY21-22 RFDP approved by Managing Committee 1. DRILLING 3 development w

FDP approved with the following parameters

Reservoir OIIP/ GIIP Production Rate Upper Girujan 223 MMBBls/ 184 BCF Production to be increased to 1800 bopd from ~650 bopd Planned Activities 18 wells; Includes appraisal of deeper prospects Current Activities & Updates - RFDP & PSC extension reviewed and recommended by Management Committee for approval by GoI Forest Clearance is obtained. Mining Lease executed - with the Govt. of Arunachal Pradesh - Phase - I completion target is Q2 FY 21-22* 08 | H I N D U S T A N OIL E X P L O R A TI ON C O M P A N Y L I M I T E D * - Subject to JV & Regulatory approvals P Y - 3 : CO R P O R AT E D E V E LO P M E N TS Investor presentation Q3 2019-20 FPS PY3 Gas export to be laid ― HEPI was acquired by Inveniere Energy on 2nd October 2019 ― Operatorship is retained by Hardy under new management ― HOEC has 21% stake in PY-3. Operates PY-1 Gas field with an offshore platform and onshore processing facilities close to PY-3 field ― Production Sharing Contract extended till 2030 ― PY-3 field was shut-

Tested Production

➢Oil 402 bopd ➢Gas not measured • Discovered Resources: Resources DSF Data Million BBLs HOEC Internal Million BBLs STOIIP GIIP (BCF) 3 17 10.27 54.19 • Reservoir Properties: ➢Two pay zones Girujan pay -1 & pay - 2 ➢Light oil – 38.7°API • Nearest facilities : ➢Bordumasa Oil collecting Station via 6” pipeline 18kms ➢Digboi Refinery, via 6” pipeline 30 kms Petroleum Mining Lease transfer/(PML) still awaited Effective Date Starts from the date of PML transfer Forest Clearance obtained. PML transfer awaited • • • 24 | H I N D U S T A N OIL E X P L O R A TI ON C O M P A N Y L I M I T E D Bordumsa OCS N 6’ x 18 KM Kherem Digboi Refinery Kharsang Dirok Field 16.2 km A S S E T P O RT FO L I O & J V PA RT N E RS Investor presentation Q3 2019-20 Block Name Operator Location Oil/Gas PI Partner(s) Oil/Gas Consumers Dirok PY-1 HOEC Onshore HOEC Offshore Gas Gas 27% 100% Nil Gas – OIL India; Condensate – IOCL Gas – GAIL; Condensate – CPCL Producing CB-ON-7 HOEC Onshore Oil 35% Oil– IOCL Development D

Investor Relations Advisors

Stellar IR Advisors Pvt. Ltd. CIN: U74900MH2014PTC259212 G. Josephin Daisy jdaisy@hoec.com www.hoec.com Gaurang Vasani/ Hina Agarwal vgaurang@stellar-ir.com/ hina@stellar-ir.com www.stellar-ir.com 27 | H I N D U S T A N OIL E X P L O R A TI ON C O M P A N Y L I M I T E D G LO S SA RY 2P BCF GGS HMGPP MMbbls - - - - - Proved + Probable reserves RSC - Revenue Sharing Contract Billion Cubic Feet of Gas HMGPP - Hollong Modular Gas Processing Plant Investor presentation Q3 2019-20 Gas Gathering Station Modular Gas Processing Plant Million Barrels of Oil MMSCFD - Million Standard Cubic Feet per Day MMSCMD STOIIP GIIP PI PSC - - - - - Million Standard Cubic Meter per Day Stock Tank Oil Initially In Place Gas Initially In Place Participating Interest Production Sharing Contract EC - Environmental Clearance 28 | H I N D U S T A N OIL E X P L O R A TI ON C O M P A N Y L I M I T E D