India pays Rs 650 crore per deepsea well
By the Gagariya desk · 3 Aug 2026 IST · 1 min read
Related: India's ₹84,084 Crore Samudra Manthan Scheme
Related: Indore cracks down on 21 illegal colonies
Introduction to Deepsea Exploration
The Indian government has approved the 'Samudra Manthan' scheme, a National Offshore Exploration Scheme with an outlay of ₹84,084 crore. This scheme aims to boost energy output by funding 60 deepsea wells at a cost of up to Rs 650 crore per well.
The Need for Deepsea Exploration
India's dependence on oil imports is a significant concern. By investing in deepsea oil and gas exploration, the government hopes to reduce this dependence and increase domestic energy production.
The 'Samudra Manthan' Scheme
The 'Samudra Manthan' scheme is a major initiative by the government to promote deepsea exploration. With an outlay of ₹84,084 crore, the scheme will fund 60 deepsea wells, with each well costing up to Rs 650 crore.
What's Next?
The success of the 'Samudra Manthan' scheme will depend on the discovery of significant oil and gas reserves. If successful, the scheme could lead to a substantial reduction in India's oil imports and an increase in domestic energy production.
Questions people ask
- What is the 'Samudra Manthan' scheme?
- The 'Samudra Manthan' scheme is a National Offshore Exploration Scheme with an outlay of ₹84,084 crore to fund 60 deepsea wells and promote deepsea oil and gas exploration.
- How much will each deepsea well cost?
- Each deepsea well will cost up to Rs 650 crore.
- What is the aim of the 'Samudra Manthan' scheme?
- The aim of the 'Samudra Manthan' scheme is to reduce India's dependence on oil imports and increase domestic energy production.
Sources
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