Union 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 the total, ₹43,200 crore has been allocated for drilling 60 deepwater exploration wells, aimed at boosting domestic exploration and cutting India's dependence on imported crude oil and gas.
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Big-ticket energy-security decision — remember the scheme name, total outlay and the deepwater drilling allocation.
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- Approved by the Union Cabinet; total outlay ₹84,084 crore.
- ₹43,200 crore earmarked for drilling 60 deepwater exploration wells.
- Scheme name: 'Samudra Manthan' (offshore exploration).
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