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.