Hindustan Oil Exploration Company Limited to submit the following update on B-80 Project. The pre-commissioning and safety checks at KGB-Offshore Installation (MOPU) and FSO Prem Pride (FSO) are complete and the system is ready to receive the first hydrocarbons. The well opening sequence was followed to bring the first well safely on production, however have encountered operational issues and troubleshooting is currently ongoing.

The delay witnessed in the commencement of production from the field being unanticipated, necessary corrective actions are being taken by the Company, and the field will safely be brought on line for production as soon as the issues are rectified.