Cabinet approves ₹84,084 crore for offshore exploration scheme Samudra Manthan
The Union Cabinet approved ₹84,084 crore for the offshore hydrocarbon exploration scheme ‘Samudra Manthan’. Of this, ₹43,200 crore is earmarked for drilling 60 deepwater exploration wells. The scheme is aimed at accelerating deep-sea oil and gas exploration, boosting India’s domestic output and strengthening the country’s energy security by tapping its offshore reserves.
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A large, newly Cabinet-approved energy scheme with a memorable outlay is prime schemes material.
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- Total Cabinet-approved outlay: ₹84,084 crore.
- ₹43,200 crore earmarked for drilling 60 deepwater exploration wells.
- Scheme name: Samudra Manthan (offshore hydrocarbon exploration).
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