GMS Nets 22-Month Contract for One of Its Jack-up Units

Tuesday, September 27, 2022

GMS, a UAE-based provider of self‐propelled, self‐elevating support vessels serving the offshore oil, gas, and renewables industries, said Tuesday it had secured a new contract.

The 22-month contract is for an E-Class vessel with an unnamed EPC client in the MENA region. 

The contract is due to start in Q2 2023. 

Mansour Al Alami GMS Executive Chairman, said: "This contract award reflects the increasing demand for vessels and improved day rates for which GMS remains well positioned to take advantage of going forward."

Financial details were not disclosed.

Categories: Energy Middle East Activity

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