Hindustan Oil Exploration zooms over 8 per cent; heres why! Hindustan Oil Exploration zooms over 8 per cent; heres why! The company is engaged in the exploration, development & production of crude oil and natural gas in India, both onshore as well as offshore. Mandar Wagh / Wednesday, June 8, 2022 / Article rating: 5.0 The company is engaged in the exploration, development & production of crude oil and natural gas in India, both onshore as well as offshore.