MCQ
Offshore Hydrocarbon Exploration MCQ - Practice Questions with Answers
Solve 1 Offshore Hydrocarbon Exploration questions for RAS/RPSC preparation.
Practice questions
Q1Assertion (A): Under Samudra Manthan, government assistance for a deep-water exploration well can cover up to 50% of eligible drilling costs or ₹675 crore per well, whichever is lower. Reason (R): Natural production from existing oil and gas fields is declining by about 6–7% each year.
Explanation
Both the Assertion and the Reason are stated in the source. The annual 6–7% decline explains why continued exploration is necessary, but it does not explain the scheme’s specific risk-sharing ceiling of 50% of eligible drilling costs or ₹675 crore per well. Therefore, R is not the correct explanation of A.
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