Business
New Contract Award
Gulf Marine Services PLC has secured a new contract in Europe for two of its Large-class vessels, spanning 985 days and supporting offshore operations. This award significantly boosts the company's contracted backlog to USD 540 million, demonstrating continued demand for its services and client confidence in its reliable, high-quality solutions. Disclaimer*
About this update from Gulf Marine Services Plc
[{"type":"text","content":"\n\n \n23rd December 2025\n \n \nGulf Marine Services PLC\n('Gulf Marine Services', 'GMS', 'the Company' or 'the Group')\n \n \nNew Contract Award\nGulf Marine Services (GMS), a leading provider of self-propelled, self-elevating support vessels to the offshore energy industry, is pleased to announce the award of a contract covering two of its Large-class vessels in Europe. The contract spans a total of 985 days and will see the vessels continue to support offshore operations across the region.\n \nFollowing this award, GMS's contracted backlog increases to USD 540 million.\n \nMansour Al Alami, GMS Executive Chairman, commented:\n \n\"We are delighted to have secured this contract, which once again highlights the strong demand for our vessels across multiple geographies and the confidence our clients place in GMS to deliver reliable, high-quality solutions for their projects.\"\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-ENDS-\n \n \n\n\n\n\nEnquiries:\n\n\n\n\n\n\n\nGulf Marine Services PLC\nMansour Al Alami\nExecutive Chairman\n\n\n\nTel: +44 (0)20 7603 1515\n\n\n\n\nCelicourt Communications\nMark Antelme\nPhilip Dennis\n\n\n\nTel: +44 (0) 20 7770 6424\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 13 SESVs is amongst the youngest in the industry. The vessels support GMS's clients in a broad range of offshore platform refurbishment and maintenance activities, well intervention work, and offshore wind turbine maintenance work (which are opex-led activities), as well as offshore platform installation and decommissioning ...