Hindustan Oil Exploration Company Limited

Rae Served As A Whole

time member of the 7th Central Pay commission and was on the Board of Indian Oil

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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 Pursu

60%

hoice for PSU companies 7 BUSINESS OVERVIEW 8 B-80: Final leg of Project Execution Ongoing – 60% PI* 8,000 boepd (Barrel of oil equivalent per day) Expected Total Production (Phase I) 13% to 3

13%

ng – 60% PI* 8,000 boepd (Barrel of oil equivalent per day) Expected Total Production (Phase I) 13% to 30% Share of Oil to increase in production mix Maharashtra B-80 Development • MOPU works compl

30%

% PI* 8,000 boepd (Barrel of oil equivalent per day) Expected Total Production (Phase I) 13% to 30% Share of Oil to increase in production mix Maharashtra B-80 Development • MOPU works completed &

50%

Project is on track for ‘First Oil’ post installation of export facilities *- Increase of PI from 50% to 60% is awaiting Govt. approval New Lead • New lead in Deccan Trap formation of a 6m interval

15%

densate Production (in Q3FY21) Oil India is the sole buyer for the gas produced in this field > 15% Assam Gas Production Concentrated in India’s North-East Premier Basin • Phase – I execution invol

21%

ling of two wells approved. Planning in progress • Field under shutdown since July 2011 • HOEC has 21% non-operating stake in PY-3. Operates PY-1 Gas field with an offshore platform and onshore processi

100%

and onshore processing facilities close to PY-3 field • PSC extended till 2030 • Last production (100%) - 3,300 boepd AA-ONHP- 2017/19 (Greater Dirok) • Block awarded under OALP Bid Round 2019 • Expl

rs 40

nergies both surface and sub-surface • Preliminary EIA studies to be initiated HOEC PI JV Partners 40% 10% 21% 100% 15 Production Sharing Model Investment Multiple Aggregate value of Net Cash

10%

both surface and sub-surface • Preliminary EIA studies to be initiated HOEC PI JV Partners 40% 10% 21% 100% 15 Production Sharing Model Investment Multiple Aggregate value of Net Cash Incom

20%

ock AAP-ON-94/1 PY-1* PY-3* North Balol Kharsang* CB-ON-7 Asjol* Royalty Gas 10% Oil/Cond 20% Cess Oil/Cond 20% 10% - 20% 10% 10% 20% Cost Recovery Limit 80% 100% 100% 10% - 0%

80%

alty Gas 10% Oil/Cond 20% Cess Oil/Cond 20% 10% - 20% 10% 10% 20% Cost Recovery Limit 80% 100% 100% 10% - 0% 80% Investment Multiple (Govt. Share Percentages) <1 1<1.5 1.5<2 2<2.

Valorem Advisors Disclaimer

1

Valorem Advisors Disclaimer

Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review. For further information please contact our Investor Relations Representatives: Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903-9500 Email: hoec@valore