With reference to the **Samudra Manthan Scheme** (National Offshore Exploration Scheme), consider the following statements:

1. It is formulated under the Ministry of Petroleum and Natural Gas to de-risk deepwater and ultra-deepwater hydrocarbon exploration.
2. The government provides financial support of up to 50% of drilling costs for deepwater exploratory wells.
3. The scheme outlay includes allocations for offshore seismic data, exploratory drilling, common infrastructure hubs, and manufacturing & services zones.

Which of the statements given above is/are correct?

Question

With reference to the **Samudra Manthan Scheme** (National Offshore Exploration Scheme), consider the following statements:

1. It is formulated under the Ministry of Petroleum and Natural Gas to de-risk deepwater and ultra-deepwater hydrocarbon exploration.
2. The government provides financial support of up to 50% of drilling costs for deepwater exploratory wells.
3. The scheme outlay includes allocations for offshore seismic data, exploratory drilling, common infrastructure hubs, and manufacturing & services zones.

Which of the statements given above is/are correct?

Accepted Answer

Practice Question for Short #5

Samudra Manthan Scheme: Offshore Exploration Push