GMS bags long term contract for ‘Pepper’

Gulf Marine Services has secured the first contract award for its new enhanced Small Class vessel, the Pepper.

A Small Class SESV by GMS (for illustration only)
A Small Class SESV by GMS (for illustration only)

The vessel, which is currently being built by a third party, is expected to be delivered to GMS in Q1 2015 on a finance lease and will then proceed directly to its first charter for a national oil company in the MENA region.

GMS, provider of advanced self-propelled self-elevating support vessels (SESV) serving the offshore oil, gas and renewable energy sectors, says that the contract is for five years (three years firm with a two-year option).

Duncan Anderson, Chief Executive Officer of GMS, said: “It is particularly pleasing to have secured this first long-term contract for Pepper in the MENA region where demand for our SESVs is excellent.

“All seven of our existing Small Class vessels are chartered to clients who are very familiar with the cost-effective advantages our assets bring to brownfield maintenance, well intervention and enhanced oil recovery operations. We are looking forward to taking delivery of the new enhanced Small Class vessel with its additional deck load and area, which will add further value to the Group’s offering to the client.”¬†

 

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Press Release, September 30, 2014