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GMS enhanced small class vessel contract award
GMS enhanced small class vessel contract award.
About this update from Gulf Marine Services Plc
[{"type":"text","content":"\n \nRNS Number : 9184S Gulf Marine Services PLC 30 September 2014 \n \n\n \n \nFor Immediate Release 30 September 2014\n \n \nGulf Marine Services PLC\n(\"Gulf Marine Services\", \"GMS\", \"the Company\" or \"the Group\")\n \n \nGMS ANNOUNCES FIRST CONTRACT AWARD \nFOR NEW ENHANCED SMALL CLASS VESSEL \n \n \nGulf Marine Services (LSE:GMS), the leading provider of advanced self-propelled self-elevating support vessels (SESV) serving the offshore oil, gas and renewable energy sectors, is pleased to announce the first contract award for its new enhanced Small Class vessel (the Pepper). \n \nThe vessel, which is currently being built by a third party, is expected to be delivered to GMS in Q1 2015 on a finance lease and will then proceed directly to its first charter for a national oil company in the MENA region. The contract is for five years (three years firm with a two-year option), with the day rate in line with that previously indicated for this enhanced class vessel in the region. \n \n \nDuncan Anderson, Chief Executive Officer of GMS, said: \n \n\"It is particularly pleasing to have secured this first long-term contract for Pepper in the MENA region where demand for our SESVs is excellent. All seven of our existing Small Class vessels are chartered to clients who are very familiar with the cost-effective advantages our assets bring to brownfield maintenance, well intervention and enhanced oil recovery operations. We are looking forward to taking delivery of the new enhanced Small Class vessel with its additional deck load and area, which will add further value to the Group's offering to the client.\" \n \nEnquiries\nFor further information please contact:\n \n\n\n\n\nGulf Marine Services PLC \n\n\nBell Pottinger \n\n\n\n\nDuncan And...