Business
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Gulf Marine Services PLC has secured a contract extension from a Middle Eastern National Oil Company for two of its vessels, potentially adding up to six years of duration across both contracts. This development reinforces the company's strong client relationship and commitment to regional offshore energy operations, increasing its backlog to US$0.7 billion. The Executive Chairman highlighted the continued demand for GMS vessels and the enhanced visibility into future performance provided by this strengthened backlog, positioning the company for growth and shareholder value delivery. Disclaimer*
About this update from Gulf Marine Services Plc
[{"type":"text","content":"\n\n\n \n \n\n\n28 January 2026\nGulf Marine Services PLC\n('Gulf Marine Services', 'GMS', 'the Company' or 'the Group')\n \nContract Extension Award\n \nGulf Marine Services (GMS), a leading provider of self-propelled, self-elevating support vessels to the offshore energy industry, is pleased to announce that it has received a variation order from a major National Oil Company (NOC) in the Middle East for extension to an existing contract for two of its vessels, to provide for up to an additional six years of contract duration across the two vessels, including optional periods. This variation reinforces GMS's strong partnership with the client and its continued commitment to supporting the region's offshore energy operations. The backlog stands now at US$ 0.7 billion.\n \nMansour Al Alami, GMS Executive Chairman, commented:\n \n\"We are very pleased with this contract extension. It shows continued demand for our vessels in the Middle East. With this strengthened backlog, investors can see clear visibility into our performance for the coming years. It also positions us well to grow and deliver value to our shareholders.\"\n \nThis announcement contains inside information and is provided in accordance with the requirements of Article 17 of the Market Abuse Regulation (EU) No. 596/2014 (as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended).\n \n‐ENDS-\n \n\n\n\n\nEnquiries:\n\nGulf Marine Services PLC\nMansour Al Alami\nExecutive Chairman\n\n \n \n\n\n \n \nTel: +44 (0)20 7603 1515\n\n\n\n\nCelicourt Communications\nPhilip Dennis\nMark Antelme\nKristine Qevani\n\n\nTel: +44 (0) 20 7770 6424\n\n\n\n\n\n \nNotes to Editors:\n \nGulf Marine Services PLC, a company listed on the London Stock Exchange, was founded in Abu Dhabi in 1977 and has become a world‐leading provider of advanced self‐propelled self‐elevating support vessels (SESVs). The fleet serves the offshore energy industries from its offices in the United Arab Emirates, Saudi Arabia, and Qatar. The Group's assets are capable of serving clients' requirements across the globe, including those in the Middle East, South East Asia, West Africa, North America, the Gulf of Mexico, and Europe.\n \nThe GMS fleet of 15 SESVs is amongst the youngest in the industry. T...