Gulf Marine Services wins two new contracts
In a statement on the 3rd January, GMS said it had won a seven-month contract – firm period plus options to extend – for a K-Class (Small) vessel.
Under this contract, GMS will provide support for offshore activities on behalf of a Middle East National Oil Company.
Furthermore, GMS has won a 12-month contract (firm period) for an S-Class (Mid-sized) vessel. GMS will provide support for offshore activities on behalf of a Middle East National Oil Company.
Secured utilisation of the entire GMS fleet for 2020 now stands at 73%, which is at higher levels of utilisation than experienced for the full calendar year 2019.
In total, more than US$74 million of new contract backlog has been added since August 2019.
Tim Summers, Executive Chairman, commented: “Momentum is building. These are important contract awards for GMS, continuing to add to our order book for 2020.
“Secured day-rates for these contracts are firm and are consistent with existing contracts in the region.”
Source: Offshore Energy Today