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Gulf Marine Services wins two contract extensions in MENA region

Technology

Support vessel provider Gulf Marine Services has been awarded contract extensions for two of its small class vessels in the Middle East and North Africa (MENA) region for unnamed clients

The first extension is for a self-elevating support vessel (SESV), which is currently chartered to an national oil company on a three-year contract. The option to extend the contract for a further year has been exercised effective from Q3 2014, with the vessel continuing to support well service work for the client.

The second extension is for an SESV currently charted to another oil company on a five-year contract. A 12-month extension option has been exercise here, effective from Q4 2014. This vessel is also supporting well service work.

Duncan Anderson, CEO of Gulf Marine Services, said, “Confirmation of these two contract extensions is further testament to the strong and long-standing relationships we have with our clients in the Middle East.

“The order book for our entire fleet continues to be very healthy, with our assets all currently on contracts to support brownfield oil and gas recovery, well services and maintenance work in the MENA region and North West Europe.”

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