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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
Current Affairs Download

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.

Test Yourself

1. On what date did the Union Cabinet approve the ‘Samudra Manthan’ National Offshore Exploration Scheme?

 

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