Shoaibi Group and GMS in offshore services Joint VentureNews // July 29, 2009
A new joint venture between Saudi Arabia’s Shoaibi Group (SG) and the UAE’s Gulf Marine Services (GMS) has been created to provide offshore barge operation services.
The new company, named Gulf Maritime Services Saudi Arabia Ltd (GMSSA), will be based in Al Khobar, Saudi Arabia, and will allow the JV partners to expand their offshore operations of barge charters.
Gulf Marine Services supplies a fleet of self-propelled barges to the oil and gas market. Shoaibi Group has expertise in the oil and gas market in Saudi Arabia.
GMSSA will provide a range of servicves for use by oil companies for offshore well maintenance, construction and accommodation. Specifically, it will cover the following services: well intervention and workover operations; well completion and well testing operations; offshore cranage and heavy lifting services; diving operations; topside construction and maintenance activities; and temporary offshore accommodation, including hotel services.