GMS Wins Contracts for Three Jack-ups at 'Improved' Day Rates

©GMS (File image)
©GMS (File image)

GMS, a UAE-based owner of self-propelled, self-elevating support vessels serving the offshore oil, gas, and renewables industries, has secured two new contracts and a contract extension. 

One of the new contracts is for a large-class vessel, while the other is for a small-class vessel, GMS said. The contract extension is for a mid-tier vessel. The company did not say who the clients were, which vessels exactly would be deployed for the projects, nor where.

"These contract awards, with improved day rates, equate to seventy-eight months of utilization, significantly increasing the overall fleet backlog and secured revenue," GMS said, without going into details on the exact dayrates.

Mansour Al Alami, GMS Executive Chairman said: "These contract awards solidify our financial position going into 2023 and again reflects positively on the already favourable market conditions."


Current News

Beacon Offshore Energy Begins Production US at Shenandoah Field

Beacon Offshore Energy Begins

Harlyn Solutions Expands Market Scope with New Dutch Base

Harlyn Solutions Expands Marke

PTTEP Acquires Southeast Asia’s Offshore Block from Chevron’s Hess Unit for $450M

PTTEP Acquires Southeast Asia’

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Valeura Energy, PTTEP Partner

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine