Hindustan Oil Exploration Company (HOEC) said on Tuesday it has entered into a conditional agreement with US-based Hardy Oil and Gas to acquire the entire share capital of its Indian project office.
Hardy Exploration and Production has assembled a strategic position in the oil and gas basins on the east coast of India and off the Saurashtra west coast near the Bombay High field.
This has been done through asset acquisition, reserve optimisation, and development of strong working relationships since 1997. The company has also acquired development assets in the Niger Delta of Nigeria, a proven oil province.
