Deals11 Dec 2025, 11:46 am
Seamec Ltd Enters $16.72m Subcontract with G R Infraprojects for Charter Hire of Vessel SEAMEC III
AI Summary
Seamec Ltd has entered into a subcontract with G R Infraprojects Limited for the charter hire of its vessel SEAMEC III. The vessel will be deployed for subsea installation and diving works in Part Replacement Pipeline Project, Pipeline Replacement Project - Group A (PRP-VIII A) and DSF II Project of Oil and Natural Gas Corporation Limited (ONGC) on a lumpsum basis. The tenure of the subcontract is for 150 days, and the total value of the subcontract is approximately USD 16.72 million exclusive of GST.
Key Highlights
- Subcontract with G R Infraprojects Limited for charter hire of SEAMEC III
- Deployment in second season subsea installation and diving works
- Projects for Oil and Natural Gas Corporation Limited (ONGC)
- Lumpsum basis contract
- Contract value of approximately USD 16.72 million exclusive of GST