Gulf Marine Services secures long-term vessel contract

UAE oil and gas service vessel operator Gulf Marine Services has secured a new long-term contract award for one of its mid-size class vessels.

The new contract is for two years including options and is scheduled to commence shortly.

The vessel will be supporting well intervention activities for a national oil company in the MENA region.

“As we recently reported, we are seeing increasing levels of enquiries and tender activity in our markets and our strategy to provide modern, flexible and cost-effective offshore support solutions has again proved successful with this long-term contract win. This charter award has further strengthened our business relationship with an important strategic national oil company in the wider MENA region. We are delighted our client has again recognised the value our vessels bring to intensive well intervention campaigns across multiple locations,” said Duncan Anderson, chief executive officer of Gulf Marine Services.

Gulf Marine Services currently operates 13 self-elevating support vessels with an average age of seven years.