Big bucks on oil wells

Govt to spend 43k crore on drilling

NEW DELHI: The Government will spend Rs 43,200 crore to support drilling 60 wells in deepwater and ultra-deepwater areas under the Rs 84,084-crore Samudra Manthan scheme, aimed at boosting domestic oil and gas exploration and reducing India’s dependence on imports. The Ministry of Petroleum and Natural Gas has issued operational guidelines for the scheme, which…

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