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The Economic Times
The Economic Times
Business

ONGC plans 150 deepwater wells under Rs 84,084-crore Samudra Manthan Mission

ONGC Oil India

New Delhi: Oil and Natural Gas Corporation (ONGC) is set to accelerate deepwater exploration under the Samudra Manthan programme, with plans to drill 150 deepwater wells over seven years and pursue nearly 5,600 million tonnes of oil equivalent (MMTOE) of deepwater and ultra-deepwater hydrocarbon potential, as India steps up efforts to strengthen domestic energy security and reduce dependence on imports.

Also Read: Cabinet approves Samudra Manthan scheme, Rs 84,084 crore push for deepwater oil and gas exploration

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