HOEC Acquires Assam Gas Plant from Expro

Date: October 14, 2026

HOEC, on behalf of the JV partners (Oil India Ltd. and Indian Oil Corporation Ltd.), has executed a definitive agreement to take over the operations and ownership of the HMGPP (Hollong Modular Gas Processing Plant) in the Dirok Gas and Condensate field in Assam.
The plant was acquired from the service provider Expro North Sea Limited (ENS) – UK.
Operations of the plant were formally taken over by HOEC on October 14, 2026.
All existing ENS employees in the gas plant have been transferred to HOEC employment, effective October 14, 2026.
The acquisition enables the Dirok JV to expand plant capacity to process higher volumes from three new wells approved for drilling by the partners and DGH in the Dirok field.
It will also accommodate new volume additions from North Dirok and Greater Dirok assets that will be drilled in the future.
HOEC can carry out modifications in the plant to ensure higher efficiency of operations.
HOEC is the designated operator for the Dirok Gas Field under the Production Sharing Contract between the Government of India and the JV partners (OIL, IOCL and HOEC).

The disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.