Gulf Marine Sees Extensions to Vessel Contracts

Support vessel provider Gulf Marine Services reported Monday that customers have exercised contract extensions for two of its Small Class vessels in the Middle East and North Africa region.

The first extension is for a self-elevating support vessel (SESV) that is currently chartered to a national oil company (NOC) on a three-year contract. The option to extend the contract for a further year has been exercised effective from 3Q 2014, with the vessel continuing to support well service work for the client.

The second extension is for an SESV currently charted to a NOC on a five-year contract. A 12-month extension option has been exercise here, effective from 4Q 2014. This vessel is also supporting well service work.

Gulf Marine Services CEO Duncan Anderson commented in a company statement:

"Confirmation of these two contract extensions is further testament to the strong and long-standing relationships we have with our clients in the Middle East. The order book for our entire fleet continues to be very healthy, with our assets all currently on contracts to support brownfield oil and gas recovery, well services and maintenance work in the MENA region and North West Europe."

Have a news tip? Share it with Rigzone!


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  What Should Go On Your Electrical Engi... (Jul 25)
 -  AECOM to Lead Permitting for Monkey Is... (Jul 25)
 -  LyondellBasell Plans Its Largest Inves... (Jul 21)
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)

Most Popular Articles

From the Career Center
Jobs that may interest you
Frac Sand Rail Terminal Maintenance Technicians
Expertise: Field Service Tech|Hydraulic & Pneumatic|Maintenance Technician
Location: Pecos, TX
Field Operator - Cementation
Expertise: Cementing
Location: Hobbs, NM
Field Operator - Cementation
Expertise: Cementing
Location: Odessa, TX
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours