Gulf Marine Services (LSE: GMS), the leading provider of advanced self-propelled self-elevating support vessels serving the offshore oil, gas and renewable energy sectors, announced earlier today a new contract award for one of its Small Class vessels.
The new charter is for 12 months (including options) and is scheduled to commence shortly. The vessel will be supporting well intervention activities for a National oil company (NOC) in the MENA region.
Duncan Anderson, Chief Executive Officer of GMS, said:'"This new award, which follows last month's announcement of three long-term contracts, is further evidence of a continuing market recovery. The sustained higher oil price is having a positive impact in our sector, with increasing levels of maintenance and capex activity generating more contract opportunities for our vessels."
Source: Gulf Marine Services