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Gulf Marine leases maintenance vessel in 12-month Middle East and North Africa contract

28th May 2014

Gulf Marine Services has announced a new contract award for one of its small class vessels

Gulf Marine Services has announced a new contract award for one of its small class vessels
The vessel will be supporting maintenance work for an international oil company in the Middle East and North Africa regions

The vessel, a K-Class SESV, will commence the new 12-month charter (six months firm and options for up to six months) in mid-Q3 2014, with the contract towards the top end of current day rates across the small class vessels.  The vessel will be supporting maintenance work for an international oil company in the Middle East and North Africa regions.

Duncan Anderson, chief executive officer of GMS, commented: "This new contract, which will directly follow on from completion of the vessel's existing work with another client, is one of a number of current opportunities in the pipeline, reinforcing our view that there continues to be a very strong demand for our assets in brownfield oil and gas recovery, well services and maintenance in the MENA region."

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