Gulf Marine Services (LSE:GMS) has secured a one-year contract extension for one of its Small-class self-elevating support vessels with a national oil company in the Gulf Cooperation Council region.
The extension follows the client’s exercise of an option contained within a contract originally signed in 2022. Gulf Marine Services said the existing contractual terms will remain unchanged during the additional one-year period.
Vessel to Continue Offshore Maintenance Support
Under the extended contract, the vessel will continue supporting the customer’s offshore maintenance activities.
The agreement provides for continued deployment of the Small-class vessel for the additional contract period. No financial value for the extension was provided in the supplied information.
Gulf Marine Services Operations
Gulf Marine Services PLC is an Abu Dhabi-founded offshore energy services company listed on the London Stock Exchange.
The company operates a fleet of 15 self-propelled, self-elevating support vessels across the Middle East and other international markets.
Its vessels are used for activities including offshore platform refurbishment and maintenance, well intervention and the installation and servicing of offshore wind infrastructure.
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