Abu Dhabi-based Gulf Marine Services (GMS) has announced a contract for one of its self-elevating support vessels (SESVs).
The 12-month contract will start shortly and will involve a Small Class SESV supporting well-intervention activities for a national oil company in the MENA region.
GMS chief executive officer Duncan Anderson said: “This new award, which follows last month's announcement of three long-term contracts, is further evidence of a continuing market recovery."
In September, GMS announced it had been awarded three long-term contracts to charter one Small Class and two Mid-Size Class SESVs for five years plus options each, to support well intervention and maintenance in the MENA region. These contracts are expected to commence in the Q4 2018 or the Q1 2019.
“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,” Mr Anderson added.