Seamec Ltd Secures USD 460,000 Vessel Charter Contract
Filing Summary
Seamec Ltd has announced a contract for the charter hire of its vessel “SEAMEC PRINCESS” with Supreme Offshore Construction & Technical Services Limited. The vessel will operate in the ONGC Oilfield on the West Coast of India, performing SAT Diving and AIR Diving tasks. The contract is valued at approximately USD 460,000, excluding GST, and commenced on February 14, 2026. The initial term is approximately four days, with an option for extension. This contract does not involve any related party transactions or shareholding interests.
Seamec Ltd has entered into a contract with Supreme Offshore Construction & Technical Services Limited for the charter hire of its vessel, “SEAMEC PRINCESS.” The vessel is engaged in operations at the ONGC Oilfield located on the West Coast of India. The scope of work includes tasks related to SAT Diving and AIR Diving. The charter commenced on February 14, 2026, at 21:30 hours.
The total value of the contract is approximately USD 460,000, exclusive of GST. The agreement outlines a firm period of approximately four days, with provisions for extension based on mutually agreed terms. The financial terms do not include any shareholding or related party transactions, as confirmed by Seamec Ltd.
The operational scope involves the deployment of the “SEAMEC PRINCESS” for specific diving operations in the ONGC Oilfield. The tasks are categorized under SAT Diving and AIR Diving, which are essential for the oilfield’s operational requirements. The vessel’s charter is part of Seamec Ltd’s normal course of business activities, focusing on providing specialized marine services.
The contract with Supreme Offshore Construction & Technical Services Limited is awarded by a domestic entity, emphasizing the domestic nature of the arrangement. The vessel’s operations are confined to the West Coast of India, aligning with the strategic location of the ONGC Oilfield. There are no significant terms such as rights to appoint directors or changes in capital structure associated with this contract.
The timeline for the contract execution is set for an initial period of approximately four days, with the possibility of extension based on mutual agreement. The charter commenced on February 14, 2026, and is expected to conclude within the stipulated timeframe unless extended. The arrangement does not involve any related party transactions, ensuring compliance with regulatory requirements.
Supreme Offshore Construction & Technical Services Limited is involved in providing offshore construction and technical services. The company focuses on delivering specialized services in the oil and gas sector, contributing to the operational efficiency of oilfields.
Seamec Ltd specializes in providing offshore marine services, including diving support, vessel management, and subsea construction. The company is committed to expanding its service offerings in the marine sector, focusing on strategic partnerships and operational excellence.