GMS Signs 2nd Phase of 4-year Contract for its Vessel

Source: www.gulfoilandgas.com 6/10/2024, Location: Middle East

Gulf Marine Services, a leading provider of self-propelled and self-elevating support vessels for the offshore oil, gas and renewables sectors, is pleased to confirm that it has received and signed the second phase of the four-year contract originally announced on 11 March, 2024 for one of its vessels operating in the Middle East. Our backlog as of June 1st 2024 stands at $431.2 million.

Mansour Al Alami, GMS Executive Chairman, commented:

"The signing of the second phase of this contract reaffirms the strong demand for our vessels and the trust our clients place in GMS. This continuation not only strengthens our backlog, but also positions us well to achieve our strategic goals and drive shareholder value."


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