Oil India Ltd - Updates on Incident at BGN#24

An incident of leakage was reported at the X-Mass Tree of well no. BGN#24, located at Dighaltarang Tea Estate, Tinsukia District in Assam at around 11:30 pm on 09.04.2024.

OIL personal rushed to the site and controlled the leak at around 2:20 am today. The District Administration was informed and officials from the Administration was present at site to assess and address the situation. Proactively, fire service was mobilised, and fire service crew is kept stand by.

Upon examination, a hole was observed on the flow path from the X-mass tree and the same is under investigation. Gas and crude oil had spread out over nearby areas located within approximately 100 m from the wellsite. An on-site assessment team of OIL is formed to assess the affected areas immediately. The OIL team is taking up measures for remediation of the affected area.

An internal enquiry is being conducted for a thorough investigation and OIL reassures that the well is in completely controlled & closed condition and there is no point of panic for the same.

Shares of Oil India Limited was last trading in BSE at Rs. 631.75 as compared to the previous close of Rs. 629.65. The total number of shares traded during the day was 171579 in over 4361 trades.

The stock hit an intraday high of Rs. 647.95 and intraday low of 627.00. The net turnover during the day was Rs. 109436135.00.

Source : Equity Bulls

Keywords

OilIndia INE274J01014 ExplorationandProduction Leakage BGN24