Gulf Marine Services Nets Two Jack-Up Contracts Extension

Thursday, March 13, 2025
Illustration (Credit: Gulf Marine Services)

Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has secured three-year contract extensions with a major National Oil Company (NOC) in the Middle East for two of its vessels.

These extensions, secured at enhanced rates, build on an existing agreement, reinforcing GMS’s strong partnership with the client and its continued commitment to supporting the region’s offshore energy operations.

GMS secured backlog now stands at $558 million, according to the company.

“This contract extension highlights the robust and ongoing demand for our vessels in the region, driving consistently high utilization rates across our fleet.

“It reflects the trust our clients place in GMS’s capabilities and reinforces our strong position in supporting the Middle East’s offshore energy sector,” said Mansour Al Alami, GMS Executive Chairman.

Categories: Vessels Middle East Industry News Activity Jack-ups Oil and Gas

Related Stories

DOF Scoops $480M in New Vessel Contracts with Petrobras

DOF Scoops $480M in New Vessel Contracts with Petrobras

Aramco, ADES Ink 10-Year Contract Renewal for Previously Suspended Jack-Up Rig

Aramco, ADES Ink 10-Year Contract Renewal for Previously Suspended Jack-Up Rig

ADNOC Partners with ExxonMobil, Occidental to Boost UAE Oil and Gas Capacity

ADNOC Partners with ExxonMobil, Occidental to Boost UAE Oil and Gas Capacity

Current News

Cold Spray Technology: Parts Production Faster, Cheaper.

Navantia Seanergies Delivers Second Substation Jacket for French OW Farm

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

EU: 44 Oil and Gas Firms Asked to Provide CO2 Storage Solutions

Subscribe for OE Digital E‑News

Offshore Engineer Magazine