Why India is betting big on deepwater oil and gas exploration
· livemint.com
Samudra Manthan scheme aims to revive India's stagnant exploration and production sector and reduce import dependence at a time when the world's third-largest oil consumer imports about 90% of its crude oil needs.
What does the scheme offer?
The Centre will provide financial support of up to 50% of the cost of drilling deepwater exploration wells. It involves acquisition...