Gulf 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.

Mansour Al Alami, GMS Executive Chairman, commented:
“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.”

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