ABS Marine Services Limited, one of India’s leading maritime companies engaged in ship management, vessel ownership, and marine and port services, has successfully completed the conversion and deployment of its vessel ‘CELESTIAL’, now certified for ONGC’s Well Stimulation Vessel operations from Mumbai.
This milestone follows the company’s earlier update on 4th November 2024, regarding the charter agreement signed with Schlumberger Asia Services Limited, Hong Kong, valued at USD 23.5 million (Rs.197 crore) for an initial three-year firm period, extendable by 3 + 3 years at the charterer’s option.
The commencement of operations marks a significant advancement in ABS Marine’s position within the offshore oilfield and energy services segment. The project is expected to boost revenue and profitability while enhancing the company’s technical expertise, global credentials, and capabilities in specialized vessel operations. It also paves the way for future collaborations and new opportunities in the expanding offshore energy services market.
