RCS - Gulf Marine Services - Health & Safety Milestone

Gulf Marine ServicesAnnouncement

04/05/2023 07:00

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RNS Number : 3357Y  Gulf Marine Services PLC  04 May 2023

4(th) May 2023

 

 

Gulf Marine Services PLC

('Gulf Marine Services', 'GMS', 'the Company' or 'the Group')

 

Health & Safety Milestone

 

 

GMS, a leading supplier of self-propelled and self-elevating support vessels
for the offshore oil, gas, and renewables sectors, is pleased to announce that
the team on board one of its vessels, the GMS Pepper, have achieved over 5
million hours of operations without a lost time incident, reflecting their
commitment to safety and the industry leading systems in place to ensure best
practice is always maintained.

 

Initiatives undertaken by the client (a major NOC) with the support of GMS
Pepper ensured consistently high levels of safety, through 'Team Leader HSE
Cross Audits', health and safety leadership visits and health & safety
campaigns, to reinforce site safety awareness and to embed safety as part of
the working culture.

 

The GMS Pepper is a mid-sized K-Class, self-propelled and self-elevating
jack-up barge. Built in 2014, the barge is relatively young, offering premium
accommodation for between 150 and 250 people and other offshore support
services, in water depths of up to 53.5meters.

 

Commenting, Mansour Al Alami GMS Executive Chairman said:

"Reaching 5 million hours of operations without a lost time incident is a
significant achievement for the client's team onboard the GMS Pepper and a
milestone they should be proud of. This is a true reflection of how GMS works
closely with its clients for all to excel and go beyond to maintain the
 highest standards of safety, with industry-leading systems of best practice
in place, ensuring a safe environment for people to work in".

 

 

-ENDS-

 

 

 Enquiries:                 Tel: +44 (0)20 7603 1515

Gulf Marine Services PLC

 Mansour Al Alami

 Executive Chairman
 Celicourt Communications   Tel: +44 (0) 208 434 2643

 Mark Antelme

 Philip Dennis

 

Notes to Editors:

Gulf 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 oil, gas and renewable 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.

The GMS fleet of 13 SESVs is amongst the youngest in the industry, with an
average age of eight years. The vessels support GMS's clients in a broad range
of offshore oil and gas platform refurbishment and maintenance activities,
well intervention work and offshore wind turbine maintenance work (which are
opex-led activities), as well as offshore oil and gas platform installation
and decommissioning and offshore wind turbine installation (which are
capex-led activities).

 

The SESVs are categorised by size - K-Class (Small), S-Class (Mid) and E-Class
(Large) - with these capable of operating in water depths of 45m to 80m
depending on leg length. The vessels are four-legged and are self-propelled,
which means they do not require tugs or similar support vessels for moves
between locations in the field; this makes them significantly more
cost-effective and time-efficient than conventional offshore support vessels
without self-propulsion. They have a large deck space, crane capacity and
accommodation facilities (for up to 300 people) that can be adapted to the
requirements of the Group's clients.

Gulf Marine Services PLC's Legal Entity Identifier is 213800IGS2QE89SAJF77

www.gmsplc.com

Disclaimer

The content of the Gulf Marine Services PLC website should not be considered
to form a part of or be incorporated into this announcement.

 

Cautionary Statement

This announcement includes statements that are forward-looking in nature. All
statements other than statements of historical fact are capable of
interpretation as forward-looking statements. These statements may generally,
but not always, be identified by the use of words such as 'will', 'should',
'could', 'estimate', 'goals', 'outlook', 'probably', 'project', 'risks',
'schedule', 'seek', 'target', 'expects', 'is expected to', 'aims', 'may',
'objective', 'is likely to', 'intends', 'believes', 'anticipates', 'plans',
'we see' or similar expressions. By their nature these forward-looking
statements involve numerous assumptions, risks and uncertainties, both general
and specific, as they relate to events and depend on circumstances that might
occur in the future.

Accordingly, the actual results, operations, performance or achievements of
the Company and its subsidiaries may be materially different from any future
results, operations, performance or achievements expressed or implied by such
forward-looking statements, due to known and unknown risks, uncertainties and
other factors. Neither Gulf Marine Services PLC nor any of its subsidiaries
undertake any obligation to publicly update or revise any forward-looking
statement as a result of new information, future events or other information.
No part of this announcement constitutes, or shall be taken to constitute, an
invitation or inducement to invest the Company or any other entity and must
not be relied upon in any way in connection with any investment decision. All
written and oral forward-looking statements attributable to the Company or to
persons acting on the Company's behalf are expressly qualified in their
entirety by the cautionary statements referred to above.

 

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