Cabinet Approves ‘Samudra Manthan’ National Offshore Exploration Scheme

India’s new offshore exploration scheme carries a bigger price tag than most entire ministries’ annual budgets. It is meant to unlock the country’s offshore oil and gas reserves.

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CA0072 · Current Affairs

Cabinet approval, 31 July 2026

Samudra Manthan: National Offshore Exploration Scheme

Outlay

₹84,084 crore

Implementation Period

Up to FY 2030-31

Ministry

Petroleum & Natural Gas

Reserve Accretion Target

600+ MMTOE

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Now Part Of Our Petroleum And Natural Gas Sector Article

Samudra Manthan is now covered as part of the full Petroleum and Natural Gas Sector in India article.

See IndEco0117 — Petroleum and Natural Gas Sector in India for the full write-up, alongside ONGC, Oil India Limited, and India’s exploration policy history.

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