Gulf Oil and Gas accountACCOUNT

GMS Announces New 4-Year Contract for Large Class Vessel

Source: www.gulfoilandgas.com 1/28/2015, Location: Middle East

Gulf Marine Services, the leading provider of advanced self-propelled self-elevating support vessels (SESV) serving the offshore oil, gas and renewable energy sectors, is pleased to announce a major new long-term contract award for one of its Large Class vessels.

The vessel will commence a four-year charter (three years firm with a one-year option) at the end of Q1 2015 on completion of its current assignment in the MENA region. The new charter is for a MENA-based national oil company (NOC) with a day rate in line with that previously indicated for the region for this class of vessel. The vessel will be supporting the client's opex work in the area.

GMS has strong visibility on future earnings. This new charter award, taken together with the other contracts in place as at 1 January 2015, gives a secured backlog of $739 million as shown below.The Group's entire fleet of SESVs is currently chartered, supporting brownfield oil and gas recovery, well services and maintenance work in the MENA region and in North West Europe.

Glass Lined Tanks >>

Glass Lined Tanks News in United Arab Emirates >>

United Arab Emirates >>  2/18/2020 - Petrofac Emirates has been awarded two contracts, together worth around US$1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab...
Saudi Arabia >>  2/6/2020 - Saipem has been awarded several EPCI contracts in various countries around the world worth over 500 million USD. The first EPCI contract has been awar...

United Arab Emirates >>  2/3/2020 - KBR has been awarded a major Project Management Consultancy (PMC) services contract by Abu Dhabi National Oil Company (ADNOC) for the Ghasha Concessio...
United Arab Emirates >>  1/27/2020 - Eni announces a gas and condensate discovery in the Mahani exploration prospect located onshore in the Area B Concession of Sharjah (UAE), which was a...

Related Categories: Barrels & Containers  Dish Ends  General  Glass Lined Tanks  Metal Pressure Vessels  Metal Tanks  Plastic Pressure Vessels  Plastic Tanks  Steel Plates  Vessels Internals 

Related Articles: Barrels & Containers  General  Glass Lined Tanks  Metal Pressure Vessels  Metal Tanks  Plastic Tanks  Steel Plates  Vessels Internals 


United Arab Emirates Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.