GMS updates support vessel construction progress

Offshore staff

ABU DHABI, UAEGMS expects its latest enhanced self-elevating support vessel (SESV) Pepper to start its first charter in 1Q 2015, soon after delivery.

The next three SESVs in the company’s fleet – all designed for offshore oil and gas construction support – will be built at GMS’ facilities in Abu Dhabi.

The hull of GMS Shamal has been assembled and is expected to arrive at the company’s yard later this month. The keel of GMS Scirocco has been laid. This vessel is expected to reach the yard in 1Q 2015, while procurement has begun of long lead items for GMS Sharqi.

Due to the company’s confidence in long-term prospects in the Saudi Arabian market it has agreed, subject to regulatory approvals, to increase its ownership in its KSA joint venture to 75% by acquiring a 15% interest from its existing partner.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...