India’s deep-sea bet: Centre’s ‘Samudra Manthan’ to churn crude — How it works

 India is funding half the cost of deepwater oil and gas exploration wells. This new scheme aims to reduce reliance on imported energy supplies. The government will support sixty exploration wells over the next five years. This initiative encourages companies to explore previously avoided offshore areas. Shared infrastructure will also lower development costs for new discoveries. India is funding half the cost of deepwater oil and gas exploration wells. This new scheme aims to reduce reliance on imported energy supplies. The government will support sixty exploration wells over the next five years. This initiative encourages companies to explore previously avoided offshore areas. Shared infrastructure will also lower development costs for new discoveries.