Seamec has entered into a charter party agreement with M/s. Lamprell Energy Limited, Dubai, for the deployment of its vessel Seamec Princess. The charter is valued at approximately USD 2.12 million (exclusive of GST) and covers a firm period of 15 days, with an option for extension on mutually agreed terms. The vessel will be deployed for offshore activities on behalf of Oil and Natural Gas Corporation at the West Coast Oilfield of India, including the Daman Field. The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the intimation received on May 12, 2026 at 11:20 hours.

Charter Agreement Details

The key parameters of the charter party agreement are outlined below:

Offshore Deployment for ONGC

The charter engagement involves offshore operations for Oil and Natural Gas Corporation at its West Coast Oilfield, including the Daman Field. The agreement includes an option to extend the charter beyond the initial 15-day firm period on mutually agreed terms, providing operational flexibility for the ongoing offshore requirements at the designated location. Lamprell Energy Limited is not related to the promoter, promoter group, or group companies of Seamec, and the transaction does not constitute a related party transaction.

Source: Company/INE497B01018/432b60e9-ce44-47f0-b9d5-ec2cad5c2e4a.pdf

Seamec Limited has officially executed a contract with Oil and Natural Gas Corporation Limited (ONGC) for operation and maintenance services of MSV (Multi Support Vessel) Samudra Sevak. The contract execution was formally disclosed to stock exchanges under regulatory compliance requirements.

Contract Execution Details

The consortium of Seamec Limited and Supreme Hydro Private Limited has completed the contract execution process with ONGC for hiring of Operation & Maintenance services for the ONGC-owned MSV Samudra Sevak. The company informed stock exchanges about the contract execution, confirming that all terms and conditions remain unchanged from the original notification of award.

Regulatory Compliance

Seamec disclosed the contract execution under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was received by the company and communicated to BSE Limited and National Stock Exchange of India Limited, maintaining transparency with stakeholders and regulatory authorities.

Strategic Partnership Impact

This contract execution represents the culmination of Seamec's strategic partnership with Supreme Hydro for delivering comprehensive vessel operation and maintenance services. The three-year engagement provides operational stability and reinforces Seamec's position in the offshore marine services sector, particularly in supporting India's oil and gas exploration activities.

The successful contract execution demonstrates Seamec's capability to secure and formalize significant contracts with major public sector enterprises, strengthening its relationship with ONGC and expanding its operational portfolio in specialized marine vessel services.