Union Cabinet approves ₹84,084 crore for offshore exploration scheme ‘Samudra Manthan’
The Union Cabinet approved a ₹84,084-crore offshore exploration scheme named ‘Samudra Manthan’. Of the total, ₹43,200 crore has been earmarked for drilling 60 deepwater exploration wells. The scheme is aimed at boosting domestic hydrocarbon exploration and strengthening India’s energy security through deepwater and offshore resources.