Gas Leak Contained at Andhra Facility
Oil and Natural Gas Corporation (ONGC) reported a gas leak during workover operations at its Mori field facility in Andhra Pradesh. The incident was flagged by operator Deep Industries. Crucially, the company confirmed no casualties or injuries were linked to the leak, underscoring that safety risks to the public remained minimal. ONGC shares closed 1.41% lower at ₹238.05 on the NSE on January 5.
Safety and Containment Measures
The affected well is located in a remote area, approximately 500-600 meters from any human habitation. As a precautionary measure, the site has been secured and cooling operations initiated to stabilize the situation. ONGC has mobilized its Crisis Management Team and Regional Crisis Management Team to oversee containment and response efforts.
Operational Risks and Market Response
Preparatory work is underway for well-control operations, with the possibility of capping the well if required. ONGC is coordinating with international well-control specialists for advanced operations, subject to on-site assessment, and moving additional equipment from nearby locations. The incident highlights the operational risks associated with workover activities in the oil and gas sector.