The Union Cabinet approved 'Samudra Manthan' — the National Offshore Exploration Scheme — with a ₹84,084 crore outlay for implementation until FY2030-31 on August 1, 2026. The scheme aims to accelerate exploration of deep water and ultra-deep water offshore hydrocarbon blocks. India imports 85-87% of its crude oil. The KG (Krishna-Godavari) basin and Andaman deep water have significant untapped potential.
Defence
Cabinet Approves 'Samudra Manthan' National Offshore Exploration Scheme — ₹84,084 Crore to FY2030-31
Key Points
- The Union Cabinet approved 'Samudra Manthan' — the National Offshore Exploration Scheme — with a ₹84,084 crore outlay for implementation until FY2030-31 on August 1, 2026
- The scheme aims to accelerate exploration of deep water and ultra-deep water offshore hydrocarbon blocks
- India imports 85-87% of its crude oil
- The KG (Krishna-Godavari) basin and Andaman deep water have significant untapped potential
📋
📎 Read original source ↗Exam Note
• Samudra Manthan: National Offshore Exploration Scheme; ₹84,084 crore; FY2030-31; Cabinet Aug 1, 2026 • Focus: deep water + ultra-deep water offshore hydrocarbon exploration • India crude oil: 85-87% imported; Mumbai High (ONGC) primary offshore field • Ministry of Petroleum and Natural Gas: Hardeep Singh Puri; HELP 2016; OALP framework
