In An Energy Security Initiative, India Launches ₹80,000 Crore Samudra Manthan Program To Boost Deep Water Oil Exploration

India has unveiled a massive ₹80,000 crore war chest under the Samudra Manthan program to finally crack deep water oil exploration, offering to fund up to half the cost of wells that can exceed ₹1,000 crore each.This marks a strategic shift from penalising companies for under‑drilling to the government sharing financial risk directly, with ONGC already spudding its first appraisal well in the
India has unveiled a massive ₹80,000 crore war chest under the Samudra Manthan program to finally crack deep water oil exploration, offering to fund up to half the cost of wells that can exceed ₹1,000 crore each.This marks a strategic shift from penalising companies for under‑drilling to the government sharing financial risk directly, with ONGC already spudding its first appraisal well in the
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