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Gulf Marine ServicesAnnouncement

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RNS Number : 0449N  Gulf Marine Services PLC  30 December 2025

 

 

30 December 2025

Gulf Marine Services PLC

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

 

Contract Extension

 

Gulf Marine Services (GMS), a leading provider of self‐propelled,
self‐elevating support vessels to the offshore energy industry, is delighted
to announce a two-year contract extension (comprising one firm year plus a
one-year option) for one of its Mid-size vessels currently operating in the
GCC region. With this extension secured, the company's backlog has increased
to $607 million.

 

Mansour Al Alami, GMS Executive Chairman, commented:

 

"Closing the year with this award is a strong endorsement of GMS's strategy,
fleet performance and disciplined execution. With a robust backlog and a
supportive industry outlook, we remain well positioned to deliver sustainable
value for our stakeholders"

 

This 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).

 

‐ENDS-

 

 Enquiries:

Gulf Marine Services PLC

 Mansour Al Alami           Tel: +44 (0)20 7603 1515

 Executive Chairman

 Celicourt Communications   Tel: +44 (0) 20 7770 6424

 Mark Antelme

 Philip Dennis

 Kristine Qevani

 

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 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.

 

The GMS fleet of 14 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 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.

 

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