GMS Secures New MENA Contract Awards

UAE-based oilfield services company Gulf Marine Services revealed Friday that it has received a new contract award for one of its mid-size class vessels.

The contract, scheduled to commence immediately, is for 12 months including options, with the vessel supporting a Middle East North Africa (MENA)-based national oil company. In addition, a contract extension has been confirmed for one of the group's small class vessels chartered to a different MENA-based national oil company. The extended period, which has already commenced, is for 12 months, with a further one-year option period remaining.  

"We are very pleased that our strong client relationships, leading operational expertise and flexibility have enabled us to secure a new contract and a contract extension for two of our vessels," said Duncan Anderson, CEO at GMS, in a company statement.