Global Offshore bags Rs 1,945 mn contract

Large PSV ?MV Beaucephalus? to be deployed in Brazilian waters

Global Offshore Services Limited (Formerly known as Garware Offshore Services Limited) one of the leading offshore vessels services providers has bagged a contract for 4 years in Brazil worth Rs 1,945 million. The company’s large platform supply vessel (PSV), MV Beaucephalus, owned by its wholly owned subsidiary, viz., Global Offshore Services B.V., will be deployed in the Brazilian waters for approx. value of Rs 486 million per annum.

The large PSV was delivered to the company’s wholly owned subsidiary in Dec 2010. The PSV is a ‘state of art’ Havyard 832L SE Design, Diesel Electric with “Clean” Notation, DP2, FiFi and SPS Code.

Commenting on this development, Mr. Aditya Garware, Vice Chairman and Managing Director, Global Offshore Services Limited said, “We are delighted to have this contract which will give a boost to our growth. With our continuous efforts on seamless and quality services to our customers, we expect to maintain the growth momentum going forward”.

Global Offshore’s total fleet size stands at 13 vessels which comprises of 6 Anchor Handling Tug cum Supply Vessels (AHTSV), 4 Platform Supply Vessels (PSV), 1 Accommodation Work Barge (AWB) on BBC, 1 AHTSV on BBC and 1 Large PSV owned by its subsidiary.

“The current deployment of the vessel in the Brazilian waters further strengthens our commitment towards increasing our presence in new geographical markets”, added Mr. Aditya Garware.

About Global Offshore Services:
GLOBALOFFSHORE SERVICES LIMITED IS ENGAGED IN THE BUSINESS OF PROVIDING OFFSHORE LOGISTICS SUPPORT SERVICES TO THE EXPLORATION & PRODUCTION / CONSTRUCTION INDUSTRY. THE COMPANY PRESENTLY OWNS AND OPERATES A FLEET OF SIX ANCHOR HANDLING TUG CUM SUPPLY VESSELS (AHTSV'S) AND FOUR PLATFORM SUPPLY VESSELS (PSV'S). THE COMPANY HAS RECENTLY ADDED TO ITS FLEET ONE LARGE PSV IN ITS 100% SUBSIDIARY IN THE NETHERLANDS. THE COMPANY'S SINGAPORE SUBSIDIARY OPERATES ONE ACCOMODATION WORK BARGE AND ONE AHTSV ON BARE BOAT.THE COMPANY'S VESSELS ARE WORKING IN VARIOUS MARKETS INCLUDING INDIA, EUROPE, WEST AFRICA AND THE FAR EAST.