Topaz Subsidiary Inks US$35 Million Fabrication Contract
Topaz Energy and Marine announced that its Abu Dhabi based oil & gas subsidiary Adyard was recently awarded a US$35 million contract by Single Buoy Moorings for the fabrication of a Mobile Offshore Production Unit for Talisman Energy to be located on the YME Field in the Norwegian sector of the North Sea.
The contract entails the fabrication and load out of the Hull, Topsides and related works. The process equipment will be fabricated in modules and installed on the hull at the Adyard jetty. The work will be executed at Adyard's 140,000 square meters water front facilities located in the Mussafah industrial area of Abu Dhabi over an 18month period.
Single Buoy Mooring Inc is a market leader in the conversion and operation of FPSO's worldwide and this award marks the fourth contract Single Buoy Moorings has awarded to Adyard in the past 12months following the award of two CALM Buoys and PLEMS and five modules for the Frade FPSO for Chevron.
In announcing the award Jim Masterton, General Manager for Adyard Abu Dhabi LLC said " Adyard's expertise in offshore fabrication of heavy structures for the energy industry as well as our competitive pricing demonstrates our strengths and capabilities as one of the regions premier oil & gas fabrication company's".
Based in Dubai, Topaz Energy and Marine is one of the U.A.E.'s largest Oil & Gas service companies.
Operates 8 Offshore Rigs
- Strong Upstream Performance from European Majors (Jul 28)
- PETRONAS, PetroVietnam Extend PM3CAA PSC in Malaysia-Vietnam Waters to 2027 (May 10)
- Repsol Significantly Scales Back Upstream Investment (Oct 15)
Company: Single Bouy Moorings more info
- Single Buoy Moorings Taps Orange Business Services Communications Package (Apr 27)
- Topaz Subsidiary Inks US$35 Million Fabrication Contract (Nov 01)
- Renaissance Subsidiary Wins $35 Million Abu Dhabi Contract (Oct 08)
Company: Topaz Energy Group more info
- Topaz In Talks to Acquire Tx. Oil Properties (Oct 19)
- Topaz to Join Forces in Barnett Multi-Well Development Program (Sep 15)
- Topaz Expands Partner Program (Jul 08)