GMS newbuild gets first contract

Gulf Marine Services' GMS Scirocco newbuild has been completed ahead of schedule and under budget and has been awarded its first contract. 

The vessel will commence a four-month contract (three months firm with a one-month option) in October for an engineering, procurement and construction contractor working for a MENA-based national oil company, with day rates in line with those previously indicated for the region.

GMS Scirocco is the second of a new SESV design, the Mid-Size Class, to be added to the group's fleet and a third, GMS Sharqi, will be delivered in 1Q 2016.  A further Large Class, GMS Evolution, will join the fleet in 4Q 2016.    

GMS constructs its SESVs, also known as jackup barges, at its quayside facility in Abu Dhabi.  The current new build program, which commenced in 2014, will increase the fleet from nine to 15 vessels by the end of next year. 

The group's existing vessels are all currently employed on contracts to support brownfield oil and gas production, well services and maintenance work in the MENA region, and oil, gas and renewable energy-related operations in North West Europe.  

The GMS Kinoa. From GMS.

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