ONGC Share Price in Focus; Takes Operational Control of Well Mori-5 Following Incident at Mori Field

Oil and Natural Gas Corporation Limited (ONGC) has assumed direct operational control of Well Mori-5 at the Mori Field in Andhra Pradesh after an incident at the site. 

Senior officials and technical experts are overseeing response measures, with efforts focused on well control, safety management and environmental monitoring as stabilisation work continues, the company said in a press release on the stock exchanges.

Operational Control and Management Response

Senior management from ONGC, including the Director (Technology & Field Services), along with members of the Crisis Management Team, have taken charge of operations at Well Mori-5. 

The well is located at Irusumanda Village in Malkipuram Mandal and is operated by Deep Industries Limited. The takeover aims to streamline decision-making and accelerate response efforts following the incident.

Site Preparations and Control Measures

Excavation work has been completed to create a temporary canal from a nearby irrigation source, enabling the deployment of high-capacity firewater pumps. Fire pumps have reached the wellsite, and positioning activities are currently underway. In parallel, ONGC has finalised a detailed blowout control plan to address the situation in a structured manner.

Current Well Conditions

Teams on the ground have observed a gradual reduction in flame intensity and size at the well. Additionally, technical adjustments have allowed the flame to be redirected into a vertical orientation, which is considered a more controlled configuration during such operations.

Environmental and Safety Monitoring

Air quality, noise levels and nearby water bodies are being continuously monitored within a 600-metre radius of the site. These measures are intended to limit environmental impact and ensure that safety thresholds are maintained for surrounding areas and communities.

Coordination With Authorities and Stakeholders

ONGC is maintaining regular coordination with district and police administrations, local authorities and other stakeholders. 

The company has also stated that it is keeping communication channels open with the media to ensure transparency as operations progress. All activities are being conducted in line with established safety and environmental protocols.

ONGC Share Price Performance

Shares of Oil and Natural Gas Corporation Limited were trading lower in early sessions on 7 January 2026. As of 09:29 AM, the stock was quoted at ₹239.90, down ₹1.99 or 0.82%. The previous close stood at ₹241.89, with the stock moving between a high of ₹240.78 and a low of ₹239.61 during the session.

Read More: Crude Oil Prices 2025 Recap: Fall on Oversupply and Demand Concerns.

Conclusion

ONGC’s assumption of operational control at Well Mori-5 reflects a focused approach to managing the incident through technical oversight, safety measures and coordination with authorities. Monitoring and stabilisation efforts remain ongoing as the company works towards restoring normal conditions at the site.

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