Contract
Two vessels secured three-year contract extensions with Middle Eastern NOC at enhanced rates.
- GMS secured backlog $558 million
Select text to share a quote on X · sign in to keep highlights & notes in your GMS notes
Gulf Marine Services (GMS), a leading provider of self-propelled, self-elevating support vessels to the offshore energy industry, is pleased to announce that two of its vessels have secured three-year contract extensions with a major National Oil Company (NOC) in the Middle East. These extensions, secured at enhanced rates, build on an existing agreement, reinforcing GMS's strong partnership with the client and its continued commitment to supporting the region's offshore energy operations. GMS secured backlog now stands at $558 million.
Mansour Al Alami, GMS Executive Chairman, commented:
"This contract extension highlights the robust and ongoing demand for our vessels in the region, driving consistently high utilisation rates across our fleet. It reflects the trust our clients place in GMS's capabilities and reinforces our strong position in supporting the Middle East's offshore energy sector."
| Enquiries: Gulf Marine Services PLC Mansour Al Alami Executive Chairman | Tel: +44 (0)20 7603 1515 |
| Celicourt Communications Mark Antelme Philip Dennis | Tel: +44 (0)20 7770 6424 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.