Union Cabinet approves ₹84,084 crore for offshore exploration scheme ‘Samudra Manthan’
The Union Cabinet approved ‘Samudra Manthan’, an offshore exploration scheme, with a total outlay of ₹84,084 crore. Of this amount, ₹43,200 crore has been allocated for drilling 60 deepwater exploration wells. The approval signals a major government commitment to expanding offshore exploration, with the deepwater drilling component forming the scheme’s single largest expenditure head.
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A newly approved central scheme with a large outlay is a standard scheme-and-outlay question.
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- Total outlay: ₹84,084 crore.
- ₹43,200 crore earmarked for drilling deepwater exploration wells.
- 60 deepwater exploration wells to be drilled.
- Scheme name: Samudra Manthan (offshore exploration).
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