Gulf Marine Services secures new contract and extension

Offshore vessel operator Gulf Marine Services has announced that it has won a new contract a Middle East and North Africa (MENA) based national oil company for one of its mid-size class vessels. The contract, scheduled to commence immediately, is for 12 months including options.

In addition, the company has been awarded a contract extension by a different MENA-based oil company for one small class vessel. The extended period is for 12 months, with a further one-year option.

“In the current challenging market conditions our state-of-the-art SESVs continue to offer the most cost-efficient offshore solutions for our clients seeking to extract maximum value from their assets while minimizing costs. 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, chief executive of the company.