London-listed Gulf Marine Services (GMS) signed a new deal to supply one of its mid-size vessels to an unspecified oil company based in the Middle East and North Africa (MENA) region, Energy Voice reported.

According to Rigzone, the contract, that started immediately, is for 12 months, with the vessel supporting a MENA-based national oil company. In addition, a contract extension has been confirmed for one of the group’s small class vessels chartered to a different client.

CEO at GSM, Duncan Anderson, said: “In the current challenging market conditions our state-of-the-art SESVs continue to offer the most cost-efficient offshore solutions for our clients seeking to extract maximum value from their assets while minimizing costs.”

The company, which has a 14-strong fleet of self-elevating support vessels (SESVs), supports the oil and gas and renewables sectors from its offices in the UEA, Saudi Arabia and the UK.