NewzVille Desk
The Union Cabinet chaired by the Prime Minister Narendra Modi has approved ‘Samudra Manthan’ – the National Offshore Exploration Scheme, a Central Sector Scheme of the Ministry of Petroleum & Natural Gas with an approved outlay of Rs.84,084 crore for implementation up to FY 2030–31.
The Scheme translates the Prime Minister’s vision, articulated from the Red Fort on Independence Day 2025, of a modern-day Samudra Manthan to unlock India’s vast offshore energy potential.
It marks a landmark step towards strengthening India’s energy security, accelerating domestic exploration and production, promoting technological leadership, and advancing the vision of Viksit Bharat.
The Scheme encompasses a comprehensive set of interventions across the offshore exploration value chain.
It provides for large-scale acquisition, processing and interpretation of high-quality seismic data, accelerated deepwater and ultra-deepwater exploratory drilling, scientific drilling in frontier basins, development of common offshore production and evacuation infrastructure, and establishment of an integrated Oil & Gas Manufacturing and Services Zone.
It also includes dedicated provisions for digital programme management, capacity building, technology adoption, stakeholder engagement and international outreach, creating an integrated ecosystem to accelerate offshore exploration and production in the country.
Samudra Manthan is expected to catalyse reserve accretion of over 600 Million Metric Tons of Oil Equivalentv(MMTOE), substantially increase offshore exploration activity, promote higher domestic oil and gas production, generate large-scale employment, strengthen indigenous manufacturing, and foster a globally competitive ecosystem for offshore technologies and services.
The Scheme is also expected to stimulate significant investments across the exploration and production value chain, creating long-term opportunities for industry, innovation and economic growth.
