01/08/2026
The Union Cabinet has approved 'Samudra Manthan', a ₹84,084 crore Central Sector Scheme of the Ministry of Petroleum & Natural Gas to be implemented by FY 2030–31. The scheme aims to strengthen India's energy security by accelerating offshore oil and gas exploration through seismic surveys, deepwater drilling, offshore infrastructure, and advanced technologies. It is expected to add over 600 MMTOE of oil and gas reserves, boost domestic production, generate employment, promote Make in India and Atmanirbhar Bharat, and attract significant investments in the offshore energy sector.
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