SEAMEC Ltd signed a USD 16.72 million subcontract with GR Infraprojects to deploy its vessel SEAMEC III for subsea installation and diving works across ONGC projects. The 150-day charter covers pipeline replacement and offshore operations, strengthening SEAMEC’s marine engineering portfolio and reinforcing its role in India’s energy infrastructure.
SEAMEC Ltd has announced a major business win, entering into a subcontract agreement valued at USD 16.72 million with G R Infraprojects Ltd. The deal involves deploying SEAMEC’s offshore vessel SEAMEC III to execute specialized subsea installation and diving operations for key Oil and Natural Gas Corporation (ONGC) projects.
Key highlights from the announcement:
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Contract Value: The subcontract is worth USD 16.72 million (exclusive of GST), marking a significant addition to SEAMEC’s marine services portfolio.
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Scope of Work: SEAMEC III will undertake subsea installation activities, including the Pipeline Replacement Project – Group A (PRP-VII) and other critical offshore assignments.
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Duration: The charter hire spans approximately 150 days, covering the second season of subsea operations.
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Strategic Importance: The agreement strengthens SEAMEC’s position in India’s offshore engineering sector, showcasing its expertise in marine engineering and diving services.
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Industry Impact: With ONGC’s continued investment in offshore infrastructure, SEAMEC’s role highlights the growing demand for specialized subsea capabilities in India’s energy sector.
This subcontract represents a milestone for SEAMEC, reinforcing its reputation as a trusted partner in offshore services and expanding its footprint in high-value energy projects.
Sources: Business Upturn, ScanX News