GMS cuts steel for self-propelled jack-upVessel & ROV News // July 9, 2013
Abu Dhabi-based Gulf Marine Services (GMS) has announced it is building its third E-Class jack-up vessel, GMS Enterprise. The company has a further option to build a fourth E-Class vessel.
Like the majority of her nine sister vessels, GMS Enterprise will be constructed at the company’s quayside facility in Abu Dhabi and is scheduled to launch this December, ready for new contracts in 2014.
With the exception of the steel requirement from China, the modified Gusto jack-up will be built in Abu Dhabi, with the detailed design, jacking system and outfitting completed by GMS’ skilled and experienced in-house team and a local labour force.
Duncan Anderson, chief executive officer at GMS, says: “The fact that we can build our vessels here in Abu Dhabi is absolutely key as this allows us to produce these sophisticated niche assets at lower than market prices; at least 30 per cent less than our competitors can achieve.
In the last five years the company has expanded its fleet, offering adaptable multi-purpose jack-up barges that can provide a range of offshore services in the oil, gas and renewable energy sectors world-wide, from well intervention to wind farm installation.
GMS, which has offices in Abu Dhabi, Saudi Arabia, Nigeria and the UK, recently agreed a US$360 million growth facility with Abu Dhabi Islamic Bank that will allow it to capitalize on the growing international need for its vessels.