Gulf Oil and Gas accountACCOUNT

Gulf Marine Wins Long-term Contract in Middle East

Source: www.gulfoilandgas.com 1/3/2017, Location: Middle East

Share |
Gulf Marine Services, the leading provider of advanced self-propelled self-elevating support vessels serving the offshore oil, gas and renewable energy sectors, announces a new long-term contract award for one of its Mid-Size Class vessels.

The new charter is for three years (including options) and is scheduled to commence in early Q1 2017. The vessel will be supporting well intervention activities for a national oil company (NOC) in the MENA region.

Duncan Anderson, Chief Executive Officer of GMS, said: "As we recently reported, we are seeing an increase in tender opportunities in the Middle East and our strategy to provide flexible and cost-effective offshore support solutions has proved pivotal in winning this long-term contract. The new charter, which together with other recent contract wins has increased our total backlog by approximately two-thirds since 1 November 2016, demonstrates that the market is showing clear signs of recovery. This contract win has also further strengthened our business relationship with a strategic NOC client and improved our current geographic diversity. We are delighted our client has again recognised the value our modern four-legged vessels bring to intensive well intervention campaigns across multiple locations."

Vessels, Tanks >>

Vessels, Tanks News in United Arab Emirates >>

Saudi Arabia >>  11/16/2017 - Saipem has been awarded a new contract in Onshore E&C. Activities involve engineering, procurement, construction and commissioning for the “Hawiyah Ga...
Kuwait >>  11/15/2017 - With a double-digit million euro volume, MAN Diesel & Turbo has won an order for nine compressor trains for the state-owned Kuwait Oil Company (KOC). ...

Saudi Arabia >>  11/14/2017 - Last week, the WTI benchmark rose $2 to more than US$57 per barrel — its highest level since mid-2015. While OPEC and other contributing non-OPEC memb...
Oman >>  11/9/2017 - Tethys Oil will be awarded a new exploration license by the Ministry of Oil and Gas of the Sultanate of Oman. Block 49 is an onshore block that covers...

Saudi Arabia >>  11/9/2017 - Saudi Aramco signed agreements with several oil and gas service contractors for oil and gas megaprojects designed to enhance the company’s energy sust...
United Arab Emirates >>  11/2/2017 - ABB AbilityTM Electrical Distribution Control System delivers key data to shape next-generation solar power for the city. ...

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 |

More News

 

Oil & Gas Companies in United Arab Emirates >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.