03 February 2016, Dubai, UAE: Topaz Energy and Marine (“Topaz”), a leading international offshore support vessel company, has expanded its fleet with the acquisition of a 5220 BHP, 1300 DWT and 60 tonnes bollard pull anchor handling tug supply vessel (AHTS) ‘Mamlaka’, bringing its total number of vessels to 100, including three newbuilds currently under construction.

Mamlaka, which means ‘Kingdom’ in Arabic, is a 61.8 metres DP2 vessel built by Malaysian offshore shipbuilder Berjaya Dockyard. The vessel was acquired as part of a contract with an oil major in its key Gulf market and is currently in Dubai being prepared for deployment.

AHTS vessels typically perform services including anchor handling, towing offshore platforms, barges, production modules and vessels and supply services and account for around one third of Topaz’s fleet. The addition of Mamlaka demonstrates how Topaz is optimising its fleet, focussing on core vessels which are more versatile and can address a wide range of its clients’ needs.

René Kofod-Olsen, CEO, Topaz Energy and Marine, said: “The addition of the Topaz Mamlaka marks a milestone for our company as it brings the number of vessels in our fleet to 100. Over the last 12 months we have strategically expanded our fleet to take advantage of market conditions, focussing on acquisitions which are in line with our strategy of operating a modern and high-spec fleet, the benefits of which will strengthen us as our clients place increasing emphasis on safety, operational uptime and efficiency. The quality and youth of our fleet positions Topaz favourably against the higher average age of the worldwide OSV fleet.”

About Topaz Energy and Marine

Topaz Energy and Marine is a leading offshore support vessel company providing marine solutions to the global energy industry with primary focus on the Caspian, Middle East, West Africa and Subsea operations in the North Sea and Gulf of Mexico. Headquartered in Dubai with 40 years of experience in the Middle East, Topaz operates a fleet of 100 offshore support vessels of an average age of seven years. Topaz is a subsidiary of Renaissance Services SAOG, a publicly traded company on the Muscat Securities Market, Oman.

For media inquiries, please contact:

FTI Consulting, Dubai
Jon Earl, Amy Piek
Tel: +971 (0)4 437 2100
Email: [email protected]

FTI Consulting, London
Ben Brewerton, George Parker, Emerson Clarke
Tel: ++44 203 727 1000
Email: [email protected]