Union Cabinet Approves Rs 84,084-Crore 'Samudra Manthan' Scheme for Oil and Gas Exploration
GS3Economy · S&T · Environment · Security· Infrastructure (energy, ports, roads, railways)· Prelims + Mains·
Why in news
The Union Cabinet approved the 'Samudra Manthan' scheme to boost offshore oil and gas exploration to reduce India's energy import dependency.
Background
The scheme has a total outlay of Rs 84,084 crore and aims to catalyze the accretion of over 600 million tonnes of oil and equivalent gas. It covers exploratory drilling, data acquisition, infrastructure development, and manufacturing zones until FY 2030-31.
Facts for Prelims
- SchemeSamudra Manthan: A government scheme for offshore oil and gas exploration.
- FactTotal outlay of the Samudra Manthan scheme is Rs 84,084 crore.
- FactTarget reserve accretion is over 600 million tonnes of oil and equivalent gas.
- FactThe scheme's timeline extends until FY 2030-31.
For Mains
Q. Discuss the significance of enhancing domestic offshore energy exploration in achieving India's goal of energy security and reducing import dependency.
Dimensions to cover in your answer
- Energy security and self-reliance
- Economic impact of reduced import bills
- Infrastructure and manufacturing development
- Environmental considerations in offshore drilling
Keywords: Energy Security · Import Dependency · Reserve Accretion · Infrastructure Development · Strategic Autonomy
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