Business
22h ago
A deep dive with Rs 84,084 crore scheme for offshore oil and gas exploration
The Cabinet approved an ₹84,084-crore scheme for offshore oil and gas exploration. This National Offshore Exploration Scheme, Samudra Manthan, will run until 2030-31. It aims to boost domestic oil and gas production and reserve accretion. The government will fund half the cost of deepwater exploratory drilling. This initiative seeks to de-risk exploration for companies and increase production.