SEAMEC Ltd signs agreement of $5.61-million for ONGC project
The subcontract is costing approximately at $5.61 million (exclusive of GST) and will be executed on a unit-rate basis.
Under Oil and Natural Gas Corporation's (ONGC) pipeline replacement project VIII (PRP-VIII Group B) and Daman upside development project (DUDP), marine services provider company, SEAMEC Ltd has signed a sub-contract agreement with Posh India Offshore Private Ltd for riser clamps, bowstring and other installation works.
As per the filing made, the Company has entered into a Subcontract Agreement with Posh India Offshore Private Ltd for carrying out Riser Clamps, Bow String and other installation works in Pipeline Replacement Project VIII (PRP-VIII Gr. B) and Daman Upside Development Project (DUDP) of Oil and Natural Gas Corporation Limited (ONGC) on a unit rate basis.
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The subcontract is costing approximately at $5.61 million (exclusive of GST) and will be executed on a unit-rate basis.
The scope of work is expected to be completed by May 2026.
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