Abu Dhabi-based Gulf Marine Services (GMS), with a fleet of self‐propelled self‐elevating support vessels (SESVs), has revealed that two of its vessels have secured three‐year contract extensions with a major National Oil Company (NOC) in the Middle East.
These extensions, secured at enhanced rates, build on an existing agreement, GMS said, adding that with this deal it continues supporting the region’s offshore energy operations.
The company didn’t disclose any financial details or the names of the vessels, but it said that GMS secured backlog now stands at $558m.
Mansour Al Alami, GMS executive chairman, said: “This contract extension highlights the robust and ongoing demand for our vessels in the region, driving consistently high utilisation rates across our fleet. It reflects the trust our clients place in GMS’s capabilities and reinforces our strong position in supporting the Middle East’s offshore energy sector.”
Gulf Marine Services PLC, a company listed on the London Stock Exchange, was founded in Abu Dhabi in 1977.
Its fleet serves the offshore energy industries from its offices in the United Arab Emirates, Saudi Arabia, and Qatar.
According to GMS, the Group’s assets are capable of serving clients’ requirements across the globe, including those in the Middle East, Southeast Asia, West Africa, North America, the Gulf of Mexico, and Europe.
GMS said that the vessels support a broad range of offshore platform refurbishment and maintenance activities, well intervention work, and offshore wind turbine maintenance work (which are opex‐led activities), as well as offshore platform installation and decommissioning and offshore wind turbine installation (which are capex‐led activities).
