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HOEC strikes oil in Gujarat

Our Bureau

Chennai , Sept 22

HINDUSTAN Oil Exploration Company has struck oil in the Pramoda oil field in Gujarat. "The hydrocarbon produced in light crude," the company has said in a release to the stock exchange. The oil field lies in the block numbered CB-ON/7 in onshore Cambay basin, near Palej town, about 52 km from Vadodara. HOEC is the operator of the Block with 35 per cent participating interest. Other partners are GSPC (35 per cent) and ONGC with 30 per cent.

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