GOVT ROLLS OUT ROADMAP FOR $8.8B 'SAMUDRA MANTHAN' OFFSHORE SCHEME
👉🏻Strategic Roadmap: The Petroleum Ministry is finalizing a phased drilling, seismic survey, and rig deployment plan under the $8.8 billion (₹84,000 crore) National Offshore Exploration Scheme through FY31.
👉🏻Core Focus & Drivers: Exploration will prioritize the KG, Mahanadi, Andaman, and Cauvery basins, led by state-run giants ONGC and Oil India.
👉🏻Infrastructure Push: To resolve operational bottlenecks, an ONGC-led joint venture will secure drillship capacity through shared investments and long-term charters.
👉🏻The initiative targets adding 10–15 MTOE of oil and gas annually to curb import reliance, funding deepwater exploration (costing ~₹1,000 crore per well), seismic work in former "No-Go" zones, and shared evacuation infrastructure.
GOVT ROLLS OUT ROADMAP FOR $8.
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