Samudra Manthan: The Deep-Sea Mission That Could Change India’s Energy Future
What Happened
The government has launched the Samudra Manthan Programme, a ₹84,084-crore offshore oil and gas exploration scheme aimed at reducing India's heavy dependence on imported crude oil. The programme will fund seismic surveys, deepwater drilling, offshore infrastructure and other exploration activities, while sharing part of the financial risk of drilling with companies.
Key Takeaways
The government expects the scheme to support reserve additions of over 600 MMTOE and reduce import dependence over time.