Hindustan Oil Exploration Company Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Future growth expectations for Hindustan Oil Exploration Company Limited as per the call transcript: - Target to reach production growth of 10,000 barrels per day (HOEC share) after completion of capex involving 10 offshore and 30 onshore wells. - Offshore drilling campaign to start in the last quarter of FY 2025-26 and continue until all offshore blocks are value optimized. - Onshore drilling momentum ongoing until full value is unlocked across onshore assets. - Newly planned drilling in Cauvery Offshore block: 2 in-fill development wells, 1 appraisal well on existing platform, and 1 exploration well nearby, expected to add production immediately upon success. - Workover on B-80 planned post-monsoon to increase production. - Monetization aided by growth in infrastructure like Northeast Gas Grid connectivity expected by end of FY 2025-26. - Capex estimated at INR 1,250 crores over ~2.5 years to support production growth. - Maintaining revenue through a mix of stable production volumes and optimized selling strategies amid market price fluctuations.

The transcript does not explicitly mention the current or expected order book or pending orders for Hindustan Oil Exploration Company Limited. However, relevant operational and capital expenditure plans indicate ongoing and upcoming activities: - Planning to drill 18 shallow and 3 deep wells in Kharsang, 4 wells in Dirok, 2 wells in Greater Dirok, and 2 wells each in North Balol and Asjol onshore assets. - Offshore drilling campaign to include 10 offshore wells: 3 in PY-1, 3 in B-80, and 4 in B-15, starting late FY 25-26. - Workover of B-80 scheduled to commence November 2025. - New wells planned on Cauvery Offshore block (4 wells) with drilling expected before end of financial year. - Drilling preparedness initiated for Greater Dirok block upon environmental clearances. - Capital outlay for Northeast region drilling over next 2 years is INR 250 crores. - Total capex program of about 2 to 2.5 years aimed at achieving 10,000 barrels/day production target. No direct order book or pending contract values were disclosed.