GMS lands up to four-year charter for large-class vessel

Dubai: London-listed Gulf Marine Services (GMS) has secured a two-year charter for one of its large-class self-propelled self-elevating support vessels (SESV), with two 12-month options attached.

The SESV will commence operation at the beginning of the second quarter 2015.

The unnamed vessel will be supporting well service and maintenance work in the Dutch sector of the North Sea.

The day rate is “in line with that previously indicated for the region”, GMS said in a statement.

“The market in Europe for our flexible assets continues to be strong and we are seeing an increasing demand for our sophisticated SESVs for shallow water brownfield maintenance to extend asset life and production, well intervention and enhanced recovery,” Duncan Anderson, Chief Executive Officer of GMS, said of the deal.

“Our low-cost intervention solution is being embraced by a wider range of oil and gas clients as the GMS fleet expands." [31/10/14]

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