Gulf Marine Services appoints Dr Shona Grant to its Board as Independent Director

– UAE, Abu Dhabi –  Gulf Marine Services (LON:GMS), the leading provider of advanced self-propelled self-elevating support vessels serving the offshore oil, gas and renewable energy sectors, today announced the appointment of Dr Shona Grant as an Independent Non-Executive Director of the Company with immediate effect. Dr Grant also joins the Audit & Risk Committee, the Remuneration Committee, and the Nomination Committee, on appointment.

Simon Heale, Chairman of GMS, said: “We are delighted to welcome Dr Grant to the GMS Board. Her commercial and operational knowledge in the oil and gas sector and strong non-executive board experience will further enhance the expertise of our Board.”

About Dr Shona Grant

Dr Grant’s extensive career in the oil and gas industry includes 21 years with BP, where she held key roles in the areas of exploration, research and development and upstream operations. She is currently a Non-Executive Director on the Boards of Bluware Corporation and Canrig Drilling Technology (Norway) AS (the latter was formerly 2TD Drilling AS where she was Chief Executive Officer from 2012 to 2017) and is a Partner at Wellwork Innovation AS.

Between 2011 and 2018, Dr Grant held Non-Executive positions with CapeOmega AS & CapeOmega Holding AS, and Norwegian Energy Company ASA. Dr Grant holds a PhD in Geology from the University of Leicester.

About Gulf Marine Services PLC

Gulf Marine Services PLC, a company listed on the London Stock Exchange, was founded in Abu Dhabi in 1977 and has become the world’s leading provider of advanced self-propelled self-elevating support vessels (SESVs). The fleet serves the oil, gas and renewable energy industries from its offices in the United Arab Emirates, Saudi Arabia and the United Kingdom. The Group’s assets are capable of serving clients’ requirements across the globe, including those in the Middle East, South East Asia, West Africa and Europe.

The GMS core fleet of 13 SESVs is amongst the youngest in the industry, with an average age of seven years. The 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), as well as offshore oil and gas platform installation and decommissioning and offshore wind turbine installation (which are capex-led activities).

The SESVs are categorised by size – Small, Mid-Size and Large Class – with these capable of operating in water depths of 45m to 80m depending on leg length. The vessels are four-legged and are self-propelled, which means they do not require tugs or similar support vessels for moves between locations in the field; this makes them significantly more cost-effective and time-efficient than conventional offshore support vessels without self-propulsion. They have a large deck space, crane capacity and accommodation facilities (for up to 300 people) that can be adapted to the requirements of the Group’s clients. In addition, an innovative well workover cantilever system commissioned on a Large Class SESV in 2017 allows GMS to increase the well intervention activities carried out from the vessel and to supplant higher cost non-propelled drilling rigs.

For more information :

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.