Cabinet approves ₹84,084 crore offshore scheme 'Samudra Manthan'
The Union Cabinet approved ₹84,084 crore for 'Samudra Manthan', an offshore hydrocarbon exploration scheme. Of this, ₹43,200 crore has been earmarked for drilling 60 deepwater exploration wells. The scheme targets India's deepwater basins to boost domestic oil and gas output and reduce dependence on energy imports.
Nabka Insight
A major Cabinet-cleared energy exploration outlay — examinable by scheme name, figure and sector.
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- Total outlay: ₹84,084 crore, approved by the Union Cabinet.
- ₹43,200 crore allotted for drilling 60 deepwater exploration wells.
- Aimed at boosting offshore (deepwater) hydrocarbon exploration.
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