Global Offshore bags Rs 194 cr Brazil contract

PTI Mumbai | Updated on March 23, 2011 Published on March 23, 2011

Global Offshore Services, a leading offshore vessels services provider, on Wednesday said it has bagged a contract for four-years in Brazil worth Rs 194.5-crore.

The company was formerly known as Garware Offshore Services Limited.

The company’s large platform supply vessel (PSV), MC Beaucephalus, owned by its subsidiary, Global Offshore Services BV, will be deployed in Brazilian waters for an approximate value of Rs 48.6- crore per annum, a press release issued here stated.

Global Offshore Services’ Vice-Chairman and Managing Director, Mr Aditya Garware, 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, the release said.

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

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Published on March 23, 2011
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