Blowout in Gas Well of Oil India Limited at Baghian, Tinsukia District, Assam

- The Blowout Well caught fire around 1,14 PM on 09.06.2020. Two OIL Employees from Fire Services Durlov Gogoi, Assistant Operator and Tikheswar Gohain, Assistant Operator lost their lives during the Fire. Bodies of the employees, who were missing since yesterday, have been recovered this morning.

- CMD had a detailed discussion with Shri Chandra Mohan Patowary, Minister of Industries & Commerce, Assam at Tinsukia in the presence of Shri Bhaskar Pegu, Deputy Commissioner, Tinsukia, and appraised the Hon'ble Minister of the status of the blowout and actions initiated by OIL.

- Immediate compensation is being disbursed to the families of two OIL employees, who sacrificed their lives.

- Four persons (two from OIL, one from ONGC and one from Contractor) sustained minor injury and have been given immediate medical help.

- Currently, Fire Tenders are spraying water to contain fire from spreading in the surrounding areas. Arrangement for additional water for fire control is in progress.

- Hon'ble Minister of Petroleum & Natural Gas and Steel conducted another emergency Video Conferencing Meeting today at 10 AM with OIL team at Duliajan and Baghjan. The Hon'ble Minister took complete stock of the ground level situation of the fire from the OIL team at Baghjan and advised OIL to take immediate action for providing all necessary support to the affected people in the fire. The Minister further advised OIL team to take all steps to control the spread of fire.

- As an immediate actionable measure after the meeting, CMD-OIL constituted four teams, viz. 1) Technical, (2) Arrangements & Facilities, (3) Relief and Rehabilitation and (4) Other Issues for effective execution of measures in the current crisis situation.

- Experts' team from M/s Alert, Singapore visited the well site this morning along with OIL & ONGC teams to assess the current situation and is currently preparing the roadmap for the next course of action.

- After the incident, affected people in the surrounding areas are accommodated at 12 relief camps, at a safer distance with the help of District Administration and arrangement for food and other basic needs have been made.

Shares of OIL INDIA LTD. was last trading in BSE at Rs.94.5 as compared to the previous close of Rs. 95.3. The total number of shares traded during the day was 70299 in over 1315 trades.

The stock hit an intraday high of Rs. 96.65 and intraday low of 93.1. The net turnover during the day was Rs. 6632713.

Source : Equity Bulls

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