Oil & Natural Gas Corporation Limited has informed the Exchange regarding a press release dated January 06, 2026, titled "Update on Well Mori-5 Mori Field Operated by Deep Industries Limited".
ONGC · price
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Awaiting price reaction for this filing.
ONGC has taken over operational control of Well Mori-5 in Andhra Pradesh's Malkipuram Mandal from Deep Industries Limited after a blowout incident at the site. Senior management, including Director (Technology & Field Services) Vikram Saxena, and a Crisis Management Team are on location managing the response. A temporary canal has been dug to supply water for high-capacity fire pumps, which have now reached the wellsite, and a full blowout control plan is in place. Fire intensity and flame size are gradually reducing, and the flame has been redirected vertically. Air quality, noise, and nearby water bodies are being monitored within a 600-metre radius, with coordination ongoing with district and police authorities.
The update signals that the situation is being brought under control, which is positive for reducing environmental, reputational, and operational risks. However, continued monitoring and successful blowout capping will be needed before any lasting positive impact on stock sentiment can be confirmed.