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 Pursu

100%

684 2,429 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 H1 FY 2021-22 Q3 FY 2021-22 > 100% 27 Months 5 yr Gross Production CAGR Dirok – FDP to First Gas Timeline 3 Board of Directors V

15%

2.8 mmscfd Gas Production 629 boepd Condensate Production (Q3-FY22) (Q3-FY22) Field Layout > 15% Assam Gas Production • In addition to OIL India, direct supply commenced to four other customer

20%

commenced to NRL, BCPL & NEEPCO & AGCL. • Premium sales during Q3 FY 2021-22 constitute about 20% of Total Dirok Sales Assam Arakan JV Partners Assam Phase II ( To be Completed) • Laying of 35

30%

as produced in this field 13 Kharsang: Phase I Development Plan 506 bopd Current Oil Production 30% Direct + Indirect PI 18 Number of Wells to be drilled in near future Field Overview • HOEC ac

21%

Online in Jan 2022. FDP Planning is 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

rs 40

to PY- 3 field • PSC extended till 2030 • Last production (100%) - 3,300 boepd HOEC PI JV Partners 40% 10% 21% AA-ONHP- 2017/19 (Greater Dirok) • Block awarded under OALP Bid Round 2019 • Explorat

10%

field • PSC extended till 2030 • Last production (100%) - 3,300 boepd HOEC PI JV Partners 40% 10% 21% AA-ONHP- 2017/19 (Greater Dirok) • Block awarded under OALP Bid Round 2019 • Exploratory bl

Rs 10

for the period Other comprehensive income Total comprehensive income Earnings per equity share of Rs 10 each - Basic - Diluted Q3-FY22 Q2-FY22 36.24 1.95 38.19 5.81 6.04 1.18 0.19 1.51 3.62 2.24 2

170%

,035.84 21 Capital Market Data HOEC S&P BSE Oil & Gas Index Price Data (31st December, 2021) 170% 150% 130% 110% 90% 70% 50% 30% 10% -10% CMP (INR) 52 Week H/L (INR) Avg. Net Turnover (

150%

4 21 Capital Market Data HOEC S&P BSE Oil & Gas Index Price Data (31st December, 2021) 170% 150% 130% 110% 90% 70% 50% 30% 10% -10% CMP (INR) 52 Week H/L (INR) Avg. Net Turnover (INR Mn

130%

Capital Market Data HOEC S&P BSE Oil & Gas Index Price Data (31st December, 2021) 170% 150% 130% 110% 90% 70% 50% 30% 10% -10% CMP (INR) 52 Week H/L (INR) Avg. Net Turnover (INR Mn) Mar

“• Premium sales during Q3 FY 2021-22 constitute about 20% of Total Dirok Sales Assam Arakan JV Partners Assam Phase II ( To be Completed) • Laying of 35km pipeline to connect directly to Duliajan hub • Drilling of 3 development wells to increase production from 35 mmscfd to 55 mmscfd Project Progress • Environmental clearance obtained • Forest clearance for pipeline section under progress • Pipes have been ordered.”

“The revenue share for intermediate points will be calculated by linear interpolation.”

Commercial Terms

1

Approved FDP to be executed over next Two years

1

Public Hearing highlights

1

Valorem Advisors Disclaimer

1

Commercial Terms

• Quantity on Offer: 0.3 MMSCMD • • Bidders to quote a % of Brent Price (‘P’ %) o Sales Gas Price (in $/MMBTU) = (12.0 + ‘P’ )% x previous month Avg Brent Price in $/BBL Contract period : 2 years Floor Price: $6 per MMBTU • • Delivery Point: Ex-ONGC Hazira Gas Processing Point 8 B-80 – Offshore Installation Works Completed in this weather window • SPM – Calm Buoy Installation - Marine spread with diving support mobilized - Anchor Chains (6 nos.) located, picked up and re-tensioned - Calm Buoy installation completed & tested • • Gas Lateral Line – 6” Ball Valve Actuator Installation & Function Testing - Installed Actuator on the 6” Ball Valve for the Lateral Assembly - Function Testing of the Actuator completed SPM – FSO Connection – Floating Hose/ Mooring Hawser Installation - Made up floating hose with Marine breakaway coupling, installed & hooked up - Connected mooring hawsers to mooring bridle and hooked up - FSO moved to site & Hooked up with floating hose & mooring hawser Full Off

Approved FDP to be executed over next Two years

• Asjol: 2 development wells & hook-up to EPS • North Balol: 2 development wells & hook-up to GCS • Palej: RFPSC (100 sq.km. 3D seismic & 2 exploration wells – pending MOPNG execution of the PSC amendment)

Public Hearing highlights

• Public Hearing completed as part of Environment Clearance Process successfully on 18th Jan 2022 for future development campaigns in Asjol and North Balol Asjol JV Partner CB-ON/7 (Palej) JV Partners North Balol JV Partners GNRL Cambay Cambay Gujarat 15 Other Blocks Kherem • Block awarded under DSF - 2016 • Tested - Oil 402 bopd • Field Plan- 2 wells to be completed in 3 years from date of receiving PML • Forest Clearance (FC) in final stages. PML to be processed after FC Umatara PY-3 • Block awarded under DSF - 2018 • Located at a distance of 50 km from Dirok field • Jointly operated by IOC (Lead operator) & HOEC • Public Hearing conducted successfully. Final EIA Report submitted Online in Jan 2022. FDP Planning is 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 processing facilities close to PY- 3 field • PSC extended till 2030 • Last production (100%) - 3,300 boepd HOEC PI

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