Update on Well Mori-5 - Mori Field Operated by Deep Industries Limited

The senior management of Oil and Natural Gas Corporation Limited (ONGC), including Director (Technology & Field Services) Vikram Saxena from Delhi, along with Crisis Management Team (CMT) experts, have assumed operational control of Well Mori-5, located at Irusumanda Village, Malkipuram Mandal, following the incident at the site.

Excavation work has been completed for the creation of a temporary canal from a nearby irrigation source to facilitate deployment of high-capacity firewater pumps. Fire pumps have reached the wellsite, and placement activities are in progress. A comprehensive blowout control plan has been finalised.

A gradual reduction in the flame intensity and size is being witnessed. The team has also been able to change the flame to a vertical direction.

Air quality, noise levels, and nearby water bodies are being continuously monitored to minimise environmental impact within a 600-metre radius.

ONGC remains in continuous coordination with all stakeholders, including district and police administrations, local authorities, and the media, to ensure transparency and an effective response. All operations are being carried out with the highest standards of safety and environmental care.

Shares of Oil & Natural Gas Corporation Limited was last trading in BSE at Rs. 241.90 as compared to the previous close of Rs. 238.00. The total number of shares traded during the day was 377257 in over 6465 trades.

The stock hit an intraday high of Rs. 242.45 and intraday low of 237.85. The net turnover during the day was Rs. 90740838.00.

Source : Equity Bulls

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OilandNaturalGasCorporation INE213A01029 ONGC Update WellMori5