“Implement 'Samudra Manthan', the National Offshore Exploration Scheme, with an outlay of Rs 84,084 crore up to FY 2030-31”
The Union Cabinet approved the Rs 84,084-crore Samudra Manthan scheme on July 31, 2026, for implementation up to FY 2030-31 (The Tribune).
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What the record shows
On July 31, 2026, the Union Cabinet chaired by Prime Minister Narendra Modi approved 'Samudra Manthan', the National Offshore Exploration Scheme of the petroleum ministry, with an outlay of Rs 84,084 crore for implementation up to FY 2030-31, The Tribune reported. The scheme is expected to catalyse reserve accretion of over 600 million metric tonnes of oil equivalent. ONGC has said it plans 150 deepwater wells under the mission. The implementation period has not yet ended.
What was promisedndtv.com
Narendra Modi made this promise on 31 Jul 2026, as Prime Minister. The original report is linked below.
Evidence4 reports
- 31 Jul 2026 ·The TribuneVerified sourceCabinet approves Rs 84,084 crore 'Samudra Manthan' scheme to unlock offshore oil, gas exploration ↗
- 1 Aug 2026 ·The TribuneVerified sourceONGC plans 150 deepwater wells under Rs 84,084-Crore Samudra Manthan Mission to unlock offshore reserves ↗
- 1 Aug 2026 ·The TribuneVerified sourceSamudra Manthan scheme to help India save Rs 1 lakh crore annually on energy imports ↗
- Indian ExpressProgress reportGovernment greenlights Rs 84,000-crore scheme to boost offshore oil & gas exploration, production ↗
The initiative was first indicated last year by Prime Minister Narendra Modi in his Independence Day address. He had called for a modern-day ‘Samudra Manthan’ to unlock India’s vast offshore energy potential.
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