Topaz Subsidiary Secures $42m Contract with Total E&P, Qatar
13 January 2009Topaz Energy and Marine Limited, a Dubai based Offshore vessel owner and operator, announced yesterday that its subsidiary had signed a new contract with Oil major Total E&P-Qatar, for two of its vessels – Topaz Jumeirah and DMS 2000 with effect from 16th February, 2009. With the signing of the contract, the current contract of Topaz Jumeirah and DMS 2000 gets renewed with TOTAL for a period of 2 years with extension options.
The two vessels signed under contract are Anchor Handling Tug Supply Vessels (AHTSV’s). DMS 2000 has been working with TOTAL- Qatar for the past 2 years while Topaz Jumeirah has been working for the last 6 months.
The contract value for both the vessels including options, is valued at over $42 million and is in direct continuation of their current ongoing contracts. The two vessels will support the drilling programs of TOTAL in the Al Khalij field in Offshore Qatar and will be operated by Doha Marine Services from their offices in Doha.
“The award of the new contract by TOTAL- Qatar reflects TOTAL’s confidence in the reliability and capability of our vessels and the synergy brought in by two companies-Doha Marine Services and Nico Middle East Limited, now part of the newly formed entity TOPAZ Marine MENA , ”said Ron Clark, General Manager of TOPAZ Marine MENA.
Nico Middle East Limited emerged as the winner of 2 awards in the year 2008. It won the Seatrade’s Workboats Award in the Middle East and Indian Subcontinent Awards category and the Lloyds list “Safety and Innovation” award. The awards demonstrate the recognition of Nico Middle East Ltd as a major player in the region offering quality services to different operators in the oil and gas industry.
Topaz Marine, the newly formed entity within the Topaz Group is one of the largest owners and operators of Offshore Support Vessels in the Middle East. Topaz Marine Services now owns and operates 96 vessels which includes the fleets of Nico Middle East, BUE Marine and the recently acquired Doha Marine Services
ABOUT NICO MIDDLE EAST
Nico Middle East Limited (NMEL) is a subsidiary of the Dubai based Topaz Group of companies. The company’s vessels have worked with all the major oil, gas and offshore construction companies such as Dubai Petroleum, Qatar gas, Shell, Maersk Oil Qatar, PA Resources, Dolphin Energy, Saipem, J. Ray Mcdermott & National Petroleum Construction Company around the world. With the acquisition of Doha Marine Services W.L.L a Doha based Marine Services Company in May 2008; the strength of the fleet currently operated has doubled to 21 vessels after the acquisition. NMEL has embarked into a major expansion plan and plans to operate modern and younger fleet of 40 offshore support vessels by 2012. The company has also secured the ISO 9001 certification for management and operation of vessels employed in support of the Energy Industry. NMEL is a member of the Dubai Quality Group, International Marine Contractors Association (IMCA) and the Royal Society for the Prevention of Accidents and is now working towards achieving the Dubai Quality Award by 2010.
About Topaz Energy and Marine Ltd
Topaz Energy and Marine Ltd. a wholly owned subsidiary of Renaissance Services SAOG , is one of the leading marine and oil & gas fabrication companies in the Middle East with over 30 years experience in the region. Operating throughout the Middle East, Caspian and S.E. Asia, Topaz employs over 5,500 employees. With its operational headquarters in Dubai, UAE, Topaz operates two primary business divisions Topaz Marine which is an Offshore Support Vessels (OSV) Division comprising NICO Middle East Ltd., BUE Caspian, BUE Kazakhstan, BUE Turkmenistan; and Topaz Engineering the engineering services division comprising ADYARD Abu Dhabi LLC and NICO International.