Oil & Natural Gas Corporation Limited has informed the Exchange regarding a press release dated January 09, 2026, titled "ONGC Advances Towards Subduing and Capping Well Mori#5".
ONGC · price
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ONGC is making progress in capping Well Mori#5, which experienced a blowout and is operated by contractor M/s Deep Industries Ltd. The Crisis Management Team has cleared most debris from the site and removed key structural obstructions, opening access to the wellhead. All required equipment and materials have been mobilised, and a continuous water blanket is being maintained to ensure safe operations near the wellhead. With conditions stabilised, local residents have returned to their normal routines. ONGC emphasised that safety and environmental protection remain the top priority while operations continue as per the approved blowout control plan.
Positive near-term signal for stakeholders as the situation at Well Mori#5 is stabilising, reducing environmental and safety risks. However, the well remains under capping operations and any prolonged disruption could affect production from that site. Investors should watch for further updates on timeline to full capping and resumption of normal operations.