HOEC enter into natural gas sales & purchase deal with PPN Power.
Hindustan Oil Exploration Company Ltd (HOEC) has executed a Natural Gas Sales & Purchase Agreement with PPN Power Generating Company Pvt Ltd, for the sale of upto 51,000 MMBTU per day of natural gas from its PY-1 Gas Field. The Gas price is USD 3.75/mmbtu for year 1 and 2 increasing to USD 3.85/mmbtu in year 3 and 4, USD 3.95/mmbtu for year 5 and 6 and negotiated price thereafter. Company is the Operator of the Block PY-1 and holds 100% participating interest in the Block
May 04, 2007
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