GMS receives early term notice for MENA deal

    Aug. 16, 2016
    Gulf Marine Services has received a notice of early termination for one of its mid-size class self-propelled self-elevating support vessel supporting well services for a national oil company in the Middle East/North Africa region.

    Offshore staff

    ABU DHABI, UAE– Gulf Marine Services (GMS) has received a notice of early termination for one of its mid-size class self-propelled self-elevating support vessel (SESV) supporting well services for a national oil company in the Middle East/North Africa (MENA) region. 

    The vessel is expected to come off charter in early 4Q 2016.

    Earlier this month, GMS announced that it had received a contract and a contract extension in the same region. A MENA-based national oil company had hired a mid-class SESV to begin work immediately on a 12-month contract including options.

    A different MENA NOC had confirmed a contract extension for a small class vessel.

    08/16/2016

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