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Seamec to deploy SEAMEC 1 vessel for ONGC

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Capital Market
Last Updated : Jul 18 2014 | 11:56 PM IST

For contract period of 5 years

Seamec announced that the Company has been awarded Letter of Intent (LOI) dated 23 June 2014 by Oil and Natural Gas Corporation (ONGC) for deployment of its vessel SEAMEC I for undertaking Air Diving job for a period of 5 years.

The Vessel is required to be mobilized within 150 days from the date of Notification of Award.

Some modification will be undertaken on the Vessel to meet the Tender requirements.

The contract value is estimated as US $ 15,260,452/-.

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First Published: Jul 18 2014 | 11:20 AM IST

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