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This is an archive article published on May 4, 2011

Global Offshore bags Brazilian contract

Leading offshore vessels services provider,Global Offshore Services,said it has entered into a four-year contract worth Rs 152-crore with a Brazilian exploration and production company. Global Offshore Services was earlier known as Garware Offshore Services Ltd. The company’s platform supply vessel (PSV),MV Kailash,has been awarded a four-year contract valued at around Rs 38-crore per annum and […]

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Leading offshore vessels services provider,Global Offshore Services,said it has entered into a four-year contract worth Rs 152-crore with a Brazilian exploration and production company.

Global Offshore Services was earlier known as Garware Offshore Services Ltd.

The company’s platform supply vessel (PSV),MV Kailash,has been awarded a four-year contract valued at around Rs 38-crore per annum and the same will be deployed in Brazil,it said in a release issued here.

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Global Offshore Services’ Vice-Chairman and Managing Director,Aditya Garware,said “the company continues to be bullish on this sector in view of the increased exploration and production activity. We at Global Offshore strongly believe and see a huge potential in this business.

Global Offshore operates a total fleet of 13 vessels.

“The company is committed towards increasing its presence in new geographical markets,” Garware said.

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