Gulf Marine Services, a provider of self-propelled, self-elevating support vessels, has announced a contract extension for one of its Small-class vessels operating in the GCC region
The extension, awarded by a major national oil company in the Middle East under an existing agreement, has added 183 days onto the current contract period, with two further three-month extension options also on the table.
The current backlog stands at US$659mn.
The extension will see the vessel continue to support the client’s offshore maintenance operations, and reflects the continued strength of demand for GMS’ vessels in the region.
Mansour Al Alami, GMS Executive Chairman, said, “We are delighted to have secured this extension, which reflects the confidence our clients continue to place in GMS to deliver safe and reliable support for their offshore operations. This extension further strengthens fleet utilisation, which remains central to delivery of our objectives.”