Cabinet approves ₹84,084 crore offshore scheme 'Samudra Manthan'
The Union Cabinet has approved ₹84,084 crore for the offshore exploration scheme 'Samudra Manthan'. Of this, ₹43,200 crore has been allocated specifically for drilling 60 deepwater exploration wells, marking a major push to expand India's offshore hydrocarbon and resource exploration capacity.
Nabka Insight
A newly named flagship offshore exploration scheme with a large capital outlay.
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- Union Cabinet approved ₹84,084 crore for offshore exploration scheme 'Samudra Manthan'.
- ₹43,200 crore earmarked for drilling 60 deepwater exploration wells.
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