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.
Nabka Insight
A major Cabinet-approved scheme on deepwater exploration and energy security.
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- Union Cabinet approved outlay: ₹84,084 crore
- ₹43,200 crore earmarked for drilling 60 deepwater exploration wells
- Scheme name: ‘Samudra Manthan’ (offshore exploration)
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