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

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

100%

7,869 8,590 525 2,429 FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 > 100% 27 Months 5 yr Gross Production CAGR Dirok – FDP to First Gas Timeline 3 Board of Directors V

60%

Forest Clearance in final stages and PML in process 11 B-80: Ready for ‘First Oil’ Post Monsoon– 60% PI* • Drilling & completion – 2 subsea development wells KGB- Offshore Installation at B-80 Site

50%

-in into ONGC pipeline • Oil using evacuation moored with CALM buoy FSO *- Increase of PI from 50% to 60% is awaiting Govt. approval 12 B-80 Project Update KGB - Offshore Installation (OI) Flexi

15%

oduction (in Q4FY21) Currently, 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

1.9 Million

sent, ~ 36 mmscfd (1 mmscmd or ~36000 mmbtu) Dirok Gas is being sold to OIL India $ 1.79/mmbtu $ 1.9 Million* $ 0.52 Million* • Through E-auction, 30% of this volume has secured a premium of > $1/mmbtu on ‘

0.52 Million

d (1 mmscmd or ~36000 mmbtu) Dirok Gas is being sold to OIL India $ 1.79/mmbtu $ 1.9 Million* $ 0.52 Million* • Through E-auction, 30% of this volume has secured a premium of > $1/mmbtu on ‘firm-basis’ allow

30%

Gas is being sold to OIL India $ 1.79/mmbtu $ 1.9 Million* $ 0.52 Million* • Through E-auction, 30% of this volume has secured a premium of > $1/mmbtu on ‘firm-basis’ allowing sale of 0.3 mmscmd of G

70%

‘firm-basis’ allowing sale of 0.3 mmscmd of Gas at $ 2.79/mmbtu (Govt. notified price + $1/mmbtu) • 70% of this volume has secured a premium of $1-$2/mmbtu on ‘fall-back basis’ allowing sale of 0.7 mms

3.2 Million

and of > 72 mmscfd ( > 2 mmscmd) When Gas sales to new consumers commence in Q3 FY22 ~$3/mmbtu $3.2 Million* $ 0.87 Million* Any increase in Govt. notified prices will have a corresponding benefit * Appro

0.87 Million

fd ( > 2 mmscmd) When Gas sales to new consumers commence in Q3 FY22 ~$3/mmbtu $3.2 Million* $ 0.87 Million* Any increase in Govt. notified prices will have a corresponding benefit * Approximate 16 PY-1:

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

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