GMS wins first small class vessel contract in MENA region

GMSGulf Marine Services (GMS), provider of advanced self-propelled self-elevating support vessels (SESV) for offshore oil and gas industries, has won its first contract for new small class vessel Pepper in the MENA region

The vessel, which is currently being built by a third party, is expected to be delivered to GMS in Q1 2015 on a finance lease and will then proceed directly to its first charter for a national oil company in the region.
According to GMS, the contract is for three years with an extention option of two years.

Duncan Anderson, CEO of GMS, said, “It is pleasing to have secured this first long -term contract for Pepper in the MENA region where demand for our SESVs is excellent. All seven of our existing small class vessels are chartered to clients who are very familiar with the cost-effective advantages our assets bring to brownfield maintenance, well intervention and enhanced oil recovery operations.

“We are looking forward to taking delivery of the new enhanced small class vessel with its additional deck load and area, which will add further value to the group’s offering to the client.”

The fleet serves oil and gas industries from its offices in the UAE, Saudi Arabia and the UK.

The fleet is categorised into large class vessels (operating in water depth of up to 80 metres, with crane capacity of up to 400 tonnes and accommodation for up to 300 people) and small class vessels (operating in water depth of up to 45 metres, with crane capacity of up to 45 tonnes and accommodation for up to 300 people).

A third class, mid-size class vessels (operating in water depth up to 55 metres, with crane capacity of up to 150 tonnes and accommodation for up to 300 people) will be added to the fleet in 2015.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
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