Assets                                                                                                                                                                                                               


Geopetrol

A Private Integrated Oil and Gas Exploration and Production Company

 

Geopetrol International Inc. is another wholly owned subsidiary of the Company which was recently acquired by HOEC in April 2018. This company engages in the exploration and development of various Oil and Gas Blocks. In India, this Company is a party to Production Sharing Contract of Kharsang Oilfield in the state of Arunachal Pradesh which is under production, with 25% direct participating interest in the Block.


 Assets

Kharsang Oil Field

 

The Company is a party to Production Sharing Contract of Kharsang Oilfield in India with a direct  Participating Interest (PI) of 25% in the Block, along with Geoenpro Petroleum Limited (10% PI), JEKPL Private Limited (25% PI) and one of the Nation’s largest oil and gas company Oil India Limited (40% PI).  

 

Geoenpro Petroleum Limited is the Operator of this Block.

 

The Kharsang Oilfield is located in the Assam-Arakan Basin in the state of Arunachal Pradesh, about 50 kms east of Digboi Refinery. The field was discovered in 1975 by Oil India Ltd. and was put into regular production in 1983. The field is spread over 11 Square Km area, in a partly hilly jungle region with an elevation of approximately 200m above sea level.

 

The consortium has drilled a total of 34 wells under different drilling campaigns. Phase-I for 5 wells in the year 2005-06, Phase-II for 15 wells in 2008-09 & 2009-10, Phase-III for 8 wells in 2011-12 & 2012-13 and Phase-III Extension for 6 wells in 2012-13 & 2013-14. Presently, the total well count in Kharsang field is 70 wells and the production from the field is around 700 BOPD from upper Girujan reservoirs.

 

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