ABU DHABI, UAE – Gulf Marine Services (GMS) has secured a long-term contract for the self-elevating jackup support vessel GMS Evolution.
The award follows a successful trial of the vessel’s cantilever workover system with an NOC client in the MENA region.
The GMS Evolution will replace a K-Class vessel currently on contract with the same client from January 2021 through 4Q 2022, on a higher day rate based on its additional technical capabilities.
The company also hopes to clinch a contract shortly for the released K -Class vessel, which would increase secured use of its fleet for to around 80%.
Executive chairman Mansour Al Alami said:“Our client has seen first-hand the unique operational time and cost benefits of utilizing the cantilever system on the GMS Evolution, when carrying out well workover activities.
“The system is capable of carrying out all aspects of well workover activity, normally carried out by a drilling rig, however, its real strength comes when frequent moves within the field are required.
“Being self-propelled, unlike a drilling rig, the Evolution does not rely on tug support, so can move between locations in a fraction of the time.”