Hindustan Oil Exploration Company Ltd (HOEC) was incorporated in 1983 for taking up exploration and production (E&P) activities inter-alia by Late Mr H T Parekh. HOEC was the first private company in India to enter into field of oil and gas exploration. HOEC’s operational activities commenced in 1991 with the Government of India announcing the fourth round of exploration bidding for private sector participation.
The company has been under professional management since inception consisting of eminent industrialists, professionals and technocrats like Late Mr B K Nehru, Late Dr I G Patel, Mr Deepak Parekh and the current Chairman Mr R Vasudevan.
The company has a wholly owned subsidiary, HOEC Bardahl India Ltd, engaged in marketing of high performance fuel/ engine additives.
The company has participating interest in nine oil/gas fields in India (in Cambay basin, Cauvery basin, Assam Arakan basin and Rajasthan basin), which are in varying stages of E&P life cycle i.e. exploration, development and production.