India to fund ₹650 crore per well for 60 deep-sea wells to break its oil import habit
· thehindubusinessline.com
The Union Cabinet approved the ₹84,084-crore Samudra Manthan National Offshore Exploration Scheme, under which the government will fund half of the the cost of drilling a deep-sea and ultra-deep water exploration well
India is embarking on what could be one of the world's first large-scale programmes to fund high-risk offshore oil and gas exploration directly from the nationa...