Global Offshore bags Rs 194.5 cr contract

MUMBAI: Global Offshore Services, a leading offshore vessels services provider, today said it has bagged a four-year contract 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 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 toward increasing our presence in new geographical markets," Garware said.