Topaz Resolve Goes to Work in the Mediterranean
International offshore support vessel company Topaz Energy and Marine said its multipurpose supply vessel (MPSV) Topaz Resolve has commenced a charter in support of geophysical and geotechnical survey operations in the Mediterranean Sea for a European oil major. Topaz Resolve is operating from Limassol, Cyprus for an initial period of one month. The vessel is a multi-functional ROV, dive and survey vessel and is equipped for deep and shallow water operations, in DP2 or by 4-point mooring. The 50m vessel, which was built in late 2015, is equipped with a 25 metric ton offshore subsea crane.
Topaz, ABB Renew Wind Farm Support Contract
Topaz Energy and Marine, a leading offshore support vessel company, today announced the renewal of its long standing contract with ABB for the Topaz Installer, Topaz’s specialized cable laying vessel. Under the terms of the contract, the Topaz Installer will provide ABB with cable-laying services in support of wind farms in the North Sea for a period of one year plus options of at least 12 months. The contract was first signed in 2010. René Kofod-Olsen, Chief Executive Officer, Topaz Energy and Marine, said, “We are pleased to be renewing our partnership with ABB which is built
Topaz to Supply 14 Vessels for BP in Azerbaijan
Offshore support vessel company Topaz Energy and Marine informs it has secured 14 offshore support vessel contracts with BP Exploration (Caspian Sea) Limited. Under the terms of the agreement, Topaz will supply 14 offshore support vessels for a five-year period plus two one-year options at current market terms, primarily in support of BP’s ACG and Shah Deniz II fields offshore Azerbaijan. The agreement extends currently running contracts for the 14 vessels until 2023 including all options. These contracts bring Topaz’s global revenue backlog to nearly $1.
Two Topaz OSCV Order for Vard
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, has secured new contracts for the design and construction of two Offshore Subsea Construction Vessels (“OSCV”) for a new customer, Dubai-based Topaz Energy and Marine (“Topaz”). Specially developed for crane operations and light subsea construction with intervention duties, the vessels will be of VARD 3 08 design, measuring a total length of 98.1 meters with a beam of 20 meters. Designed by Vard Design in Ålesund, Norway, and
Topaz Secures $75m Investment from SCPE
Topaz Energy and Marine, an offshore support vessel company with primary operations in the Caspian, Middle East, West Africa and Subsea operations in the North Sea and Gulf of Mexico, has announced a $75 million new equity investment in the business from Standard Chartered Private Equity (SCPE), one of the world’s leading emerging market private equity investors. Under the terms of the investment, SCPE will inject $75 million of equity in return for a 9.8% stake in the business. The funds will be deployed in support of Topaz’s long-term fleet expansion ambition in its core
Topaz Revenue up 22%
Topaz Energy and Marine, a offshore support vessel company, announced the results of its subsidiary Nico Middle East Ltd. for the 12 months ended December 31, 2013. The period has seen continued strong and profitable growth across the group’s activities with revenues up 22% and EBITDA up 17%. This growth is primarily attributable to the additional vessels that have joined the fleet and the improved utilization (94.5%) it achieved across its core fleet. Topaz won a number of new contracts during the period resulting in a total backlog of medium and long-term contracts amounting to $1.1B. Seven
February 2024
