Union Cabinet approves ₹84,084 crore ‘Samudra Manthan’ offshore exploration scheme
The Union Cabinet has approved the ‘Samudra Manthan’ scheme with an outlay of ₹84,084 crore to accelerate deep-sea oil and gas exploration and strengthen India’s energy security. Of this, ₹43,200 crore is earmarked for drilling 60 deepwater exploration wells. The programme aims to expand domestic hydrocarbon output, cut import dependence and attract investment into offshore exploration in India’s sedimentary basins.
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A large new Cabinet-approved energy-security scheme with a distinctive name is highly examinable.
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- Total outlay ₹84,084 crore; approved by the Union Cabinet.
- ₹43,200 crore set aside for drilling 60 deepwater exploration wells.
- Targets deep-sea oil and gas exploration to boost energy security.
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