Union Cabinet approves ‘Samudra Manthan’ offshore exploration scheme
The Union Cabinet approved ‘Samudra Manthan’, an offshore exploration scheme, with an outlay of about ₹84,084 crore. Of this, ₹43,200 crore has been allocated for drilling 60 deep-water exploration wells. The decision marks a major expansion of India's offshore exploration effort and its push to step up domestic oil and gas exploration in the country's deep-water basins.
Nabka Insight
A big-ticket Cabinet decision on offshore energy exploration — a likely economy/current-affairs question.
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- Scheme: Samudra Manthan (offshore oil & gas exploration)
- Total outlay: about ₹84,084 crore
- ₹43,200 crore for drilling 60 deep-water wells
- Cleared by the Union Cabinet
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