Its unit will work in the Dutch sector of the North Sea starting from the second quarter of 2015.

The contract includes two years firm and two 12-month options.

GMS did not disclose financial details of the deal but said the agreed day rate is in line with that previously indicated for the region.

Duncan Anderson, chief executive for GMS, said: “The market in Europe for our flexible assets continues to be strong and we are seeing an increasing demand for our sophisticated SESVs for shallow water brownfield maintenance to extend asset life and production.

“Our