Notice of Interim Results

RNS Number : 2113K

Gulf Marine Services PLC

23 June 2014

 



For Immediate Release                                                                                       23 June 2014

Gulf Marine Services PLC

Notice of Results

Gulf Marine Services PLC ("GMS"), the leading provider of self-propelled self-elevating support vessels (SESV) serving the offshore oil, gas and renewable energy sectors, will be announcing its interim results for the period ended 30 June 2014 on 28 August 2014.

A management presentation to analysts will be held at 09:30 at Bank of America Merrill Lynch, 2 King Edward Street, London, EC1A 1HQ.  For additional details and registration for admission, please contact James Lea via email at [e-mail].

-ENDS-

Enquiries

For further information please contact:

Gulf Marine Services PLC	Bell Pottinger
Duncan Anderson	Philip Dennis
John Brown	Rollo Crichton-Stuart
Anne Toomey	Tel: [phone]
Tel: [phone]

Notes to Editors:

Gulf Marine Services PLC, a company listed on the London Stock Exchange, was founded in Abu Dhabi in 1977 and has become one of the largest providers of self-propelled self-elevating support vessels (SESV) in the world.  The fleet serves the oil, gas and renewable energy industries from its offices in the United Arab Emirates, Saudi Arabia and the United Kingdom.  GMS is working worldwide, with its assets capable of serving clients' requirements in the Middle East, South East Asia, West Africa and Europe.

The Group's SESVs are four-legged vessels that move independently, with no requirement for anchor handling or tug support. They have a large deck space, crane capacity and accommodation facilities that can be adapted to the requirements of the Group's clients. These vessels support GMS' clients in a broad range of offshore oil and gas platform refurbishment and maintenance activities, well intervention work and offshore wind turbine maintenance work (which are Opex-led activities) and offshore oil and gas platform installation and offshore wind turbine installation (which are Capex-led activities).

GMS' current fleet of nine SESVs is technically advanced and amongst the youngest in the industry, with an average age of nine years. The fleet is categorised by size into Large Class vessels and Small Class vessels with a third class, the Mid-Size Class vessels, to be added in 2015. GMS plans to add up to six more vessels to its fleet over the next three years as the Group responds to anticipated strong customer demand and a growing market in the foreseeable future.  

Demand for GMS' vessels is predominantly driven by their premium capabilities as well as market growth underpinned by the need to maintain ageing oil and gas infrastructure and increasing use of enhanced oil recovery techniques to offset declining production profiles.

www.gmsuae.com 

Disclaimer

The content of the Gulf Marine Services PLC website should not be considered to form a part of or be incorporated into this announcement.

 

END

 

 

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