Archive · 18 Dec 2025
Seamec Awards $3.25M Contract to Adsun Offshore
Seamec Ltd, a marine services company, has given a $3.25-million contract to Adsun Offshore for diving work on the Seamec III vessel.
The job includes fixing and replacing pipelines for ONGC.
The contract is for the 2025-26 working season.
Seamec also recently made a deal with HAL Offshore for another vessel, Seamec Agastya, worth about $43.07 million over five years.
Seamec's stock price went down a little after these announcements.
Seamec Ltd awarded a $3.25-million contract to Adsun Offshore for diving services on the Seamec III vessel.
The contract covers pipeline projects for ONGC, including part replacement and riser surveys.
The work is scheduled for the 2025-26 working season.
Seamec confirmed no related-party interest in Adsun Offshore.
Seamec also secured a $43.07-million charter deal with HAL Offshore for the Seamec Agastya vessel.
- Who
- Seamec Ltd and Adsun Offshore Diving Contractors Pvt Ltd
- What
- Award of a $3.25-million contract for diving-related services
- When
- Announced on December 18, 2024; contract to be executed in 2025-26
- Where
- On board the vessel Seamec III
- Why
- To provide diving-related services for ONGC's pipeline projects
- Contract Value
- $3.25 million (exclusive of GST)
- Contract Duration
- 2025-26 working season
- Scope of Work
- Diving-related services, pipeline projects for ONGC
- Contractor
- Adsun Offshore Diving Contractors Pvt Ltd
- Vessel
- Seamec III
- Related Party Transaction
- No interest by Seamec promoter group in Adsun Offshore
- Stock Price
- ₹1,008.50 (down 0.38%)
