Press Release

Gulf Marine Services (LSE: GMS), the leading provider of advanced self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors, is pleased to announce it has been awarded two new long-term contracts in Europe to support wind farm projects for an international energy company.

The new contracts, scheduled to commence in Q2 2018, are for two Large Class SESVs. One contract is for a charter period of 26 months (including options), and the other for a charter period of 15 months (including options).

In addition, a short-term contract has been secured and commenced for a Small Class vessel in the Middle East.

Duncan Anderson, Chief Executive Officer of GMS, said:

“We are delighted to have secured these two long-term contracts in Europe. Our ability to provide cost-effective and efficient support solutions tailored to our client’s requirements has been advantageous in winning this work. We are also very pleased to have been awarded a new contract supporting oil and gas related operations for one of our clients in the Middle East.

“These three new contracts are testament to the flexibility of our modern fleet and our successful record in delivering a wide range of services for our clients in the total life-cycle of offshore oil, gas and renewable energy projects.”