Samudra Manthan – National Offshore Exploration Scheme
Economy / Energy · Saturday, 1 August 2026
The Union Cabinet approved Samudra Manthan, a ₹84,084 crore Central Sector Scheme to boost offshore oil and gas exploration until FY 2030–31. It aims to de-risk deepwater drilling and enhance India’s energy security.
Quick highlights
- Outlay: ₹84,084 crore till FY 2030–31.
- ₹43,200 crore for deepwater drilling subsidy.
- ₹28,534 crore for seismic data acquisition.
- Targets addition of 600 MMTOE reserves.
Context
Cabinet approved the National Offshore Exploration Scheme under the Ministry of Petroleum and Natural Gas.
Key Facts
Central Sector Scheme with 100% central funding; includes shared evacuation hubs, manufacturing zones, and digital governance via National Data Repository.
Significance
Reduces import dependence, strengthens energy security, promotes Make in India in offshore technologies, and attracts investment in KG, Cauvery, Mahanadi and Andaman basins.
Challenges / Way Forward
High capital risk in ultra-deepwater drilling; need for technological capability, environmental safeguards and efficient data utilization.
Exam Angle
Prelims: Central Sector Scheme, MMTOE, offshore basins. Mains: Energy security and import dependence.
Remember this
- ₹84,084 crore total outlay.
- Implementation till FY 2030–31.
- 600 MMTOE reserve target.
- Ministry: Petroleum & Natural Gas.