Mumbai, April 16 -- The block MB/OSDSF/B15/2024 spans over 332.4 square kilometers area in the Mumbai Offshore region at a water depth of about 40m, encapsulating two discoveries B-15A-1 and B-15-2, with potential for further exploration.

A total of 6 wells have been drilled in this contract area. Well B-15A-1 tested approximately 1.66 million standard cubic feet per day (mmscfd) of gas and 1833 barrels of oil per day (bopd) and Well B-15-2 tested around 1151 barrels of oil and 0.91 mmscfd of gas from the Panna formation.

"HOEC is the operator of this block with 100% participating interest," the company stated.

This new addition of block MB/OSDSF/B15/2024 complements HOEC's existing block MB/OSDSF/B80/2016 in Mumbai Offshore, expanding...