Hindustan Oil Exploration Company Updates Operations on Block B-80 with New MOPU Configuration
Hindustan Oil Exploration Company Limited has announced a significant operational update regarding its assets in Block B-80. The company reported that the compression configuration of its Mobile Offshore Processing Unit (MOPU) has been successfully modified to accommodate lower suction pressures.The adjustment allows for enhanced processing capabilities at the site. Following this technical change, test runs utilizing the compressors in the new configuration have commenced. These tests are currently underway with partial gas sales being conducted.
The operational update pertains specifically to the performance and setup of the MOPU, ensuring continuous progress on Block B-80.
HINDOILEXP Stock Price Movement
Shares of Hindustan Oil Exploration Company Limited shed 2.56% today after the stock settled at ₹158.21, reflecting a sharp intraday move from its previous close. The equity traded within a volatile range, reaching an intraday high of ₹161.99 before finding support near the day’s low of ₹157.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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