Hindustan Oil Exploration Co., Ltd. · NSE:HINDOILEXP
Hindustan Oil Exploration — Q1 FY2027 Earnings Presentation
36 slides from Hindustan Oil Exploration's earnings presentation, Aug 13, 2026
Slide 1: Exchange filing cover letter: Earnings Call Q1 FY2026-27 presentation
Hindustan Oil Exploration Company Limited ‘Lakshmi Chambers’, 192, St. Mary’s Road, Alwarpet, Chennai - 600 018. INDIA. Phone: 91 (044) 66229000 ● Fax: 91 (044) 66229011 / 66229012 E-mail: contact@hoec.com ● Website: www.hoec.com CIN: L11100GJ1996PLC029880 August 13, 2026 By Online The Listing Depar
Slide 2: Earnings Presentation Q1 FY27 | August 2026
EARNINGS PRESENTATION Q1 FY27 | August 2026
Slide 3: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d
Slide 4: Agenda
AGENDA 01 HOEC – At a Glance 02 Asset-wise Updates `` 03 Financials 04 Glossary
Slide 5: HOEC – At a Glance
01 ` HOEC – At a Glance
Slide 6: Q1FY27 at a Glance | Key Business Updates 1/2
Q1FY27 at a Glance | Key Business Updates 1/2 Mumbai High: • B15: Preparation of Field Development Plan for DSF Block: B15 • B80 : Preparation for Workover job in D1 and D2 and drilling of 3 new wells is in progress. North East: • Kharsang: Workover carried out on 4 wells to increase production furt
Slide 7: Q1FY27 at a Glance | Key Business Updates 2/2
Q1FY27 at a Glance | Key Business Updates 2/2 Dispute with HPCL on Crude Sales • Sept 2026 | HPCL raised a dispute highlighting quality of crude oil sold; now on path of resolution • As sales revenue of ~INR 260 crore was held up due to the ongoing dispute, investments in our well drilling plans to
Slide 8: Asset-wise Updates
02 ` Asset-wise Updates
Slide 9: Offshore | B80
Offshore | B80 The Block at a Glance Basin • Mumbai High • On the west coast of India, at Location a distance of ~110 km from Mumbai City Participating Interest • 100% JV Partners (if any) • None Q1FY27 Production • 605 BOEPD Reserves (July 1, 2026) • 35.48 MMBOE Regime • DSF Page 8
Slide 10: Offshore | B80 - Key Business Updates
Offshore | B80 - Key Business Updates 1. HPCL – HOEC Crude Offtake & Resolution Status Background ▪ In Aug 2025, HOEC supplied ~417,000 barrels of crude oil to HPCL. Following processing of the cargo, HPCL raised concerns regarding the presence of organic chlorides in the crude stream o The matter r
Slide 11: Offshore | B80 - Key Business Updates
Offshore | B80 - Key Business Updates ▪ Drilling Plan Updates: Drilling Plan Overview o Workover of 2 existing subsea wells targeted in Q3FY27 post which drilling of 3 new wells to be done in Q4FY27 - so far rig identified and procurement As per FDP # of Wells Dug In Pipeline Exp. Timeline process a
Slide 12: Offshore | B15
Offshore | B15 The Block at a Glance Key Business Updates • Technical studies for Field development plan Basin • Mumbai High (FDP) currently in progress • Obtained petroleum lease in March 2026 • On the west coast of India, at Location a distance of ~110 km from • Drilling expected to commence in FY
Slide 13: Offshore | PY1
Offshore | PY1 The Block at a Glance Basin • Cauvery • On the East coast of India, Location along the NE-SW Madanam Ridge in Cauvery Basin Participating Interest • 100% JV Partners (if any) • None Q1FY27 Production • 61 BOEPD Reserves (July 1, 2026) • 10.38 MMBOE Regime • Pre-NELP Page 12
Slide 14: Offshore | PY1 - Key Business Updates
Offshore | PY1 - Key Business Updates ▪ Only Offshore Production platform in Cauvery Offshore ▪ Unique, gas-bearing offshore fractured granitic basement reservoir Drilling Plan Overview in India As per FDP # of Wells Dug In Pipeline Exp. Timeline ▪ Production Sharing Contract stands extended till Oc
Slide 15: Offshore | PY3
Offshore | PY3 The Block at a Glance Key Business Updates Basin • Cauvery • On the East coast of India, Location along the Tranquebar depression in Cauvery Basin Participating Interest • 21% • Currently in arbitration • ONGC (40%), TATA Petrodyne JV Partners (if any) (21%), Hardy Exploration and Pro
Slide 16: Onshore | Dirok
Onshore | Dirok The Block at a Glance Photographs Basin • Assam-Arakan • Margherita in North East Location India, along the Schuppen Belt of Upper Assam Participating Interest • 27% Photographs • Oil India Limited (44%), JV Partners (if any) Indian Oil Corporation (29%) Q1FY27 Production • 15.424 MM
Slide 17: Offshore | Dirok - Key Business Updates
Offshore | Dirok - Key Business Updates ▪ Current production constrained by availability of gas evacuation infrastructure. Discussion with Industry stakeholders from Upstream, Drilling Plan Overview Midstream and Downstream for evacuation of Dirok gas is ongoing. As per FDP # of Wells Dug In Pipelin
Slide 18: Onshore | Dirok - DNPL Pipeline Progress Map
Onshore | Dirok - DNPL Pipeline Progress Map DNPL Line made a common carrier by the PNGRB Page 17
Slide 19: Onshore | Kharsang
Onshore | Kharsang The Block at a Glance Photographs Basin • Assam-Arakan • Changlang district, Arunachal Location Pradesh, North East India, Participating Interest • 35% Photographs • Oil India (40%), JEKL Pvt Ltd JV Partners (if any) (25%) ( b ) Production • 655 BOPD Photographs Remaining Reserves
Slide 20: Onshore | Kharsang - Key Business Updates
Onshore | Kharsang - Key Business Updates Drilling Plan Overview As per FDP # of Wells Dug In Pipeline Exp. Timeline • Drilled 9 Development wells during the financial year 2025-26; 6 Phase 1 Phase 2 43 wells 9 wells 9 wells FY27 oil wells and 3 gas wells • Gross Production raised from 325 BOPD to 7
Slide 21: Onshore | BLOCK-19
Onshore | BLOCK-19 Exploratory well The Block at a Glance Photographs Basin • Assam-Arakan • Ledo in NorthEast India, Location along the Schuppen Belt of Upper Assam Depth Structure Map Participating Interest • 100% Photographs JV Partners (if any) • None Exploratory well • Preparation for explorati
Slide 22: Onshore | Block-19 - Key Business Updates
Onshore | Block-19 - Key Business Updates Drilling Plan Overview As per FDP # of Wells Dug In Pipeline Exp. Timeline 2 wells Nil 2 wells FY27-28 Key Business Updates • Paid extension for Initial Exploration Phase (IEP) has been obtained | Validity until Dec 2027. • Petroleum Exploration License (PEL
Slide 23: Onshore | Umatara
Onshore | Umatara The Block at a Glance Photographs Basin • Assam-Arakan • Rajgarh, Dibrugarh in North SRJ - IOCL-1 Well Location East India, along the Assam shelf basin Participating Interest • 10% Photographs JV Partners (if any) • Operator – IOCL (90%) UTR- IOCL-1-ST Well • Yet to be started, dri
Slide 24: Onshore | Umatara - Key Business Updates
Onshore | Umatara - Key Business Updates Drilling Plan Overview As per FDP # of Wells Dug In Pipeline Exp. Timeline 2 wells 2 wells nil FY27-28 Key Business Updates • IOCL is the operator ; HOEC has been supporting all subsurface and drilling operations of the operator. • First Development well UTR-
Slide 25: Onshore | Asjol
Onshore | Asjol The Block at a Glance Basin • Cambay North Balol • Southwestern flank of Location Mehsana horst Participating Interest • 50% JV Partners (if any) • GSPC (50%) Q1FY27 Production • 9 BOEPD Asjol Block Reserves (July 1, 2026) • 0.1 MMboe Regime • Pre-NELP Page 24
Slide 26: Onshore | Asjol - Key Business Updates
Onshore | Asjol - Key Business Updates Drilling Plan Overview As per FDP # of Wells Dug In Pipeline Exp. Timeline 2 wells 2 wells nil FY27-28 • Workover in Asjol-5 is planned to replace the Progressive Cavity Pump (PCP) • Drilling preparation to drill directional wells in Asjol is in progress Page 2
Slide 27: Onshore | North Balol
Onshore | North Balol The Block at a Glance Basin • Cambay North Balol • Along the crestal part of Location Mehsana horst Participating Interest • 25% JV Partners (if any) • GSPC (45%), GNRL (30%) Q1FY27 Production • 66 BOEPD Asjol Block Reserves (July 1, 2026) • 0.21 MMboe Regime • Pre-NELP Page 26
Slide 28: Onshore | North Balol - Key Business Updates
Onshore | North Balol - Key Business Updates Drilling Plan Overview As per FDP # of Wells Dug In Pipeline Exp. Timeline 2 wells 2 wells nil FY27 Pilot Project: • Installed Crude Oil Lifting Technology (COLT) – BELT Technology in NB-11 for continuous artificial lift. • Presently brine is knocked out
Slide 29: Onshore | Palej
Onshore | Palej The Block at a Glance Basin • Cambay • Along the Eastern flank of Location Broach depression in Jambusar – Tectonic Block Participating Interest • 35% JV Partners (if any) • GSPC (35%), ONGC (30%) Production • 70 BOEPD Reserves (July 1, 2026) • 0.04 MMboe Regime • Pre-NELP Page 28
Slide 30: Onshore | Palej - Key Business Updates
Onshore | Palej - Key Business Updates Drilling Plan Overview As per FDP # of Wells Dug In Pipeline Exp. Timeline 3 wells Nil 3 wells FY27-28 • Palej oil wells are currently under-producing • A detailed technical evaluation of the wells has been completed, supported by simulation studies. • Full pro
Slide 31: Financials
03 ` Financials
Slide 32: Consolidated Statement of Profit & Loss
Consolidated Statement of Profit & Loss PARTICULARS (INR Cr.) Q1FY27 Q4FY26 Q1FY26 FY26 INCOME Revenue from operations 124.01 (190.57) 85.50 301.29 Less: Profit petroleum/ Revenue Sharing to GOI (9.83) (15.32) (6.85) (38.13) Other income 20.16 6.70 2.85 15.69 Total Income 134.34 (199.18) 81.51 278.8
Slide 33: Standalone Statement of Profit & Loss
Standalone Statement of Profit & Loss PARTICULARS (INR Cr.) Q1FY27 Q4FY26 Q1FY26 FY26 INCOME Revenue from operations 117.45 (194.28) 83.48 288.03 Less: Profit petroleum/ Revenue Sharing to GOI (9.83) (15.32) (6.88) (38.16) Other income 19.37 6.29 5.37 24.76 Total Income 126.99 (203.31) 81.97 274.62
Slide 34: Glossary
04 ` Glossary
Slide 35: Glossary
Glossary Measurement Units: Policy Regimes : • OALP – Open Acreage Licensing Programme • MMBTU – Million British thermal units (Gas Pricing Unit) • Pre-NELP – Pre-New Exploration Licensing Policy • BOEPD – Barrels of oil equivalent per day (Common Unit for • DSF – Discovered Small Field Policy Oil &
Slide 36: Thank You
THANK YOU Investor Relations: Ernst & Young (EY LLP) Cyril Paul P: +91 99206 76610 E: cyril.paul@in.ey.com
Hindustan Oil Exploration Company — Q1 FY2027 Earnings Presentation on 6ix