Investor Relations

GMS is the leading provider of advanced self-propelled Self-Elevating Support Vessels (SESVs) serving offshore oil, gas and renewable energy sectors globally, with a focus on the MENA region and Northwest Europe. The Group’s client base comprises national and international oil companies, EPC contractors and renewable energy contractors (supporting the construction and maintenance of wind farms).

As both builders and operators of its own sophisticated SESV fleet, GMS is able to tailor its vessels to suit clients’ evolving needs, providing cost-effective and innovative offshore support solutions. This has become increasingly relevant in the current low oil price environment as its core, opex-focused oil and gas clients seek to extract maximum value from their offshore assets while minimising costs.

Duncan Anderson, Chief Executive Officer, GMS:

“Our focus is on maximising vessel utilisation and maintaining our strong client relationships. We continually seek ways to enhance our offering and this year (2017) will see the introduction of the first cantilever systems to our fleet. The installation of a cantilever on our SESVs will enable GMS to deliver a wider range of well services from our vessels and will allow us to compete for workover activity previously only able to be carried out from expensive jackup drilling rigs. We believe that flexibility and faster movement and deployment of equipment between wellheads, especially in the current market environment, is essential and that demand for our multi-role vessels will increase over the rest of the decade as clients seek the most efficient and cost-effective solutions for their operations.”

  • Cost-Effective – GMS provides high quality solutions in a price conscious market.
  • Flexible – As both builder and operator, GMS tailors its vessels to clients’ evolving requirements.
  • Efficient – Faster moves in-field than conventional jackups, no need for anchor handling or tug support; fuel efficient.
  • Innovative – GMS has the technical and operational expertise to enhance its offering and increase market share (e.g. development of pioneering cantilever systems that will enable SESVs to supplant drilling rigs).
  • The Safe Choice – Proven track record of 40 years of successful operations.
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