New Delhi, Aug. 1 -- The Union Cabinet, chaired by Prime Minister Modi, has approved 'Samudra Manthan'-the National Offshore Exploration Scheme-with an outlay of Rs 84,084 crore for implementation up to FY 2030-31.

The scheme aims to expand India's offshore oil and gas exploration and production, in line with the government's broader objective of strengthening energy security and supporting long-term economic growth, according to a government release.

Comprehensive push across exploration value chain

Samudra Manthan includes a wide range of measures covering the entire offshore exploration ecosystem. These include large-scale acquisition and interpretation of seismic data, accelerated drilling in deepwater and ultra-deepwater areas, an...