Leighton Welspun Hires SEAMEC III Vessel (India)

Seamec Ltd has informed BSE that the deployment of the SEAMEC III vessel in Offshore Arabian Gulf will continue till end of August 2012 approximately.

Further, the Company has informed that the they have entered into the Contract with Leighton Welspun Contractors Pvt. Ltd. for Charter Hire of the vessel along with diving for ONGC PRP Project III for Season 2012 – 2013 and Season 2013 – 2014. The job for each season will last 180 days.

The first season job will commence around early October 2012.

The total value of the Contract is USD 18 million approximately.

Press Release, August 07, 2012

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