Oil & Natural Gas Corporation Limited has informed the Exchange regarding a press release dated January 07, 2026, titled "Significant Progress in Blowout Operations at Well Mori#5".
ONGC · price
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ONGC has provided a positive update on its blowout control operations at Well Mori#5, operated by contractor M/s Deep Industries. Fire intensity, noise levels, and ambient heat near the wellsite have reduced significantly compared to earlier reports. A rear approach road has been completed, logistics mobilized for debris removal, and a water blanket established at the site to support clearing operations ahead of capping the wellhead. The Crisis Management Team is executing an approved blowout control plan. Based on steady progress and low risk of escalation, district authorities have allowed nearby residents to resume normal activities.
This is an encouraging update that signals the worst of the blowout incident may be behind ONGC, reducing ongoing safety, environmental, and reputational risks. For shareholders, faster containment could limit production losses and potential liabilities, though the well remains shut until capping is completed.