Baghjan blowout well successfully killed

Oil India Ltd has announced that the well has been killed with brine solution and under control now. Fire has been doused completely. There is no pressure in the well now and the same will be observed for 24 hrs to check if there is any amount of gas migration and pressure build up. Further operation to abandon the well is in progress.

Dr. P.Chandrasekaran, Director (Exploration and Development), Shri P.K.Goswami, Director (Operations) and Shri D K Das, Resident Chief Executive visited the Baghjan well site and had detailed discussions with the Experts from Alert and OIL team.

Shares of OIL INDIA LTD. was last trading in BSE at Rs.91.75 as compared to the previous close of Rs. 91.9. The total number of shares traded during the day was 104766 in over 1199 trades.

The stock hit an intraday high of Rs. 93.3 and intraday low of 90.05. The net turnover during the day was Rs. 9636279.

Source : Equity Bulls

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