Samudra Manthan Scheme

Samudra Manthan Scheme Latest News

Recently, the Union Cabinet has approved ‘Samudra Manthan’ – the National Offshore Exploration Scheme with a total outlay of ₹84,084 crore. 

About Samudra Manthan Scheme

• It is also called the National Offshore Exploration Scheme.
• Nodal Ministry: It is a Central Sector Scheme of the Ministry of Petroleum & Natural Gas.
• Implementation Period: Up to FY 2030–31.
• The scheme aims at unlocking India’s vast offshore energy potential.

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Features of Samudra Manthan Scheme

• It 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, and scientific drilling in frontier basins.
• It involves 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.

Source: PIB