Union Cabinet approves ₹84,084 crore for offshore exploration scheme ‘Samudra Manthan’
The Union Cabinet approved ₹84,084 crore for the offshore exploration scheme 'Samudra Manthan'. Of this, ₹43,200 crore has been allocated for drilling 60 deepwater exploration wells. The scheme targets stepped-up hydrocarbon exploration in India's offshore and deepwater basins.
Nabka Insight
A large Cabinet outlay tied to a named scheme — the figure and the 60-well allocation are examinable.
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- Total outlay: ₹84,084 crore, approved by the Union Cabinet.
- ₹43,200 crore earmarked for drilling 60 deepwater exploration wells.
- Scheme name: Samudra Manthan (offshore exploration).
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