Seamec Limited Enters Charter Party with Lamprell Energy for 'SEAMEC PRINCESS'
Seamec Limited has secured a Charter Party with M/s. Lamprell Energy Limited, Dubai, for the charter hire of its vessel 'SEAMEC PRINCESS'. The agreement is intended for undertaking crucial offshore activities for the Oil and Natural Gas Corporation (ONGC).The charter is dedicated to supporting operations within the West Coat Oilfield of India, including the Daman Field. The agreement covers a firm period of 15 days, with the provision for an extension based on terms mutually agreed upon by the parties.
The financial terms of the contract for the initial firm period are detailed as follows:
| Parameter | Detail |
|---|---|
| Counterparty | M/s. Lamprell Energy Limited, Dubai |
| Vessel | 'SEAMEC PRINCESS' |
| Purpose | Offshore activities for ONGC in West Coat Oilfield and Daman Field |
| Firm Tenure | 15 days (with extension option) |
| Total Contract Value | Approximately USD 2.12 million (exclusive of GST) |
Seamec Limited’s engagement with Lamprell Energy Limited solidifies the vessel's participation in major national energy infrastructure projects. The initial agreement period is set for 15 days, offering operational flexibility through mutual agreement for extensions.
SEAMECLTD Stock Price Movement
As of 1:58 PM, shares of Seamec Limited are slipping by 0.82% in live trading, currently priced at ₹1502.9. The stock is shedding ₹12.40 on total volume of 26,916 shares traded today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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