GMS Bags Work for Two Jack-ups

OE Staff
Thursday, October 21, 2021

GMS, a provider of self‐propelled, self‐elevating support vessels for the offshore energy industries has secured a 12-month or an E Class vessel with an unamed engineering, procurement and construction cliane in the MENA region.

The contract is due to start at the end of December 2021, following completion of the vessel's existing contract.

In addition, an unnamed national oil company has exercised a two‐year option, with an S Class Vessel, on an existing contract committing the vessel for all of 2022 and 2023.

Mansour Al Alami GMS Executive Chairman said: "The award of these two contracts, one of which at a significantly higher rate than its current contract, reinforce the point that we are seeing a tightening of the market and demand for our vessels continues to improve.

These awards, together with other contracts already secured for 2022 and a strong pipeline of additional opportunities, increases our
confidence that the financial performance of the Company will see further improvement into next year."

Categories: Energy Vessels Middle East Activity Rigs

Related Stories

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

UK Firm Secures Exploration Extension for Two Blocks off Vietnam

CNOOC Starts Production at Offshore Field in South China Sea

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

MODEC Gets Shell’s Gato do Mato FPSO Ops and Maintenance Job

Marine Masters Secures Wellhead Platforms Installation Job Off India

Current News

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

Yinson Production Closes $1B Investment to Drive Further Growth

Petronas-Eni Upstream Joint Venture to Take Up to Two Years to Set Up

Wood JV Gets EPC Job for Shell off Brunei

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com