GMS secures four-year deal in Middle East
Gulf Marine Services (GMS), a provider of self-propelled self-elevating support vessels, has been awarded a four-year contract – firm period – for a K-Class (Small) vessel in the Middle East.
GMS said on Tuesday that its customer was a Middle East national oil company, for which GMS would provide support for offshore activities.
The work will be undertaken in United Arab Emirates waters, where the vessel will be mobilized for operations in January 2020.
Secured utilization of the entire GMS fleet for 2020 now stands at 56%.
Tim Summers, Executive Chairman, commented: “We are pleased to announce this long-term contract award and look forward to meeting our customers’ needs over the coming years.”
It is also worth reminding that GMS back in October 2019 secured a 6.5-month contract – firm period plus options to extend – for a K-Class vessel.
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