Seamec Limited has informed the Exchange regarding 'Intimation on Deployment Status of Vessel "SEAMEC PRINCESS" - Successful Completion of PRP VIII and DUDP 2nd Season'.
SEAMECLTD · price
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Seamec Limited has announced that its vessel 'SEAMEC PRINCESS' successfully completed the 2nd season of Pipeline Replacement Project VIII (PRP-VIII Gr. B) and the Daman Upside Development Project (DUDP) on May 26, 2026 at 06:48 hrs. This follows an earlier intimation dated September 15, 2025 regarding the deployment of this vessel for these offshore projects. The completion was notified to the exchange on the same day at 08:52 hrs. Seamec is a marine services company providing subsea services for offshore oil and gas projects. The announcement is a routine deployment status update under SEBI Listing Regulations and confirms successful execution of contracted offshore work.
The successful completion of these projects is positive as it indicates the vessel is now free for redeployment on new or existing contracts, potentially generating further revenue. However, no specific contract values or revenue contributions were disclosed, so the financial significance cannot be assessed.