London-listed and Abu Dhabi-based offshore contractor Gulf Marine Services (GMS) confirms it has won contract extensions for two of its self-elevating support vessels (SESVs) in the Middle East/North Africa (MENA) region.
Based on the company’s previously released day-rate averages, TradeWinds estimates that the two contracts are potentially worth around $14.6m or more each — for a ballpark total of $29.2m — although GMS withholds the actual values.
The
