SEAMEC and POSH India Offshore Secure Major Subsea Contract

SEAMEC Limited, in consortium with POSH India Offshore, has been awarded a Letter of Acceptance (LOA) for a significant subsea project. This contract, likely related to ONGC's ongoing Pipeline Replacement Project (PRP-7), is expected to be worth over $100 million. The consortium will provide integrated subsea services, including vessel deployment and project management. SEAMEC's vessel Seamec Princess is set to be utilized for diving-related work. This award reinforces the consortium's strong position in the offshore energy sector, particularly in subsea operations off India's west coast. The project, which may run until 2026, showcases the continued demand for specialized offshore services in India's oil and gas industry.

 

Source: Company Announcement