ONGC Samudra Manthan: 150 Deepwater Wells to Boost Energy Security
UPSC / SSC current affairs note · Economy
Why in news
ONGC is launching a major deepwater exploration drive under the Samudra Manthan programme, with a budget of Rs 84,084 crore. The initiative aims to drill 150 wells over seven years to pursue hydrocarbon potential, directly supporting India's energy security and reducing import dependence.
Background
India has been increasing its focus on domestic hydrocarbon exploration to reduce reliance on imports. Deepwater exploration is a key area, but it requires significant investment and advanced technology. The Samudra Manthan programme is a strategic initiative by ONGC to tap into these resources.
Key facts
ONGC will drill 150 deepwater wells under the Samudra Manthan programme.
The programme has a budget of Rs 84,084 crore.
The drilling will be carried out over a period of seven years.
The initiative aims to pursue nearly 5,600 MMTOE (Million Metric Tonnes of Oil Equivalent) of hydrocarbon potential.
The programme is intended to bolster India's energy security and reduce imports.
Prelims pointers
- ONGC: Oil and Natural Gas Corporation, a Maharatna PSU under the Ministry of Petroleum and Natural Gas.
- Samudra Manthan: A deepwater exploration programme by ONGC.
- MMTOE: Million Metric Tonnes of Oil Equivalent, a unit of energy.
- Deepwater drilling: Drilling in water depths typically greater than 500 meters.
Mains angles
- Discuss the significance of deepwater exploration in enhancing India's energy security.
- Examine the role of public sector undertakings like ONGC in achieving energy self-reliance.
- Analyze the challenges and opportunities in India's hydrocarbon exploration sector.