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

Related Stories

Plans Announced for LNG Export Facility in U.S. Gulf of Mexico

Helix Energy Solutions Wins Major Offshore Decommissioning Deal in U.S. Gulf of Mexico

Cyan, Taya in Offshore Wind Vessel Collab in Taiwan

Current News

Gumbs to Step Down as President and CEO of Bosch Rexroth North America

Russia's Novatek Offered Argentina Know-how to Liquefy Gas from Vaca Muerta

Enterprise Products Partners' Offshore Oil Export Terminal to Open by Early 2027

Guyana Court Stays Order for Exxon to Give Unlimited Guarantee for Oil Spills

Subscribe for OE Digital E‑News