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

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

BW Opal FPSO Vessel set for Work off Australia

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

Valeura Energy Greenlights Wassana Oil Field Redevelopment off Thailand

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

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

ADNOC Signs 15-Year LNG Supply Deal with Osaka Gas for Ruwais Project

Eco Wave Finds Partner for Wave Energy Project in India

Current News

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Three Dead in Chevron's Angolan Oil Patform Fire

BW Opal FPSO Vessel set for Work off Australia

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

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