Topaz Energy and Marine (“Topaz”), a leading international offshore support vessel company, has announces the acquisition of two modern Subsea vessels from Vard Brattvaag in Norway at a purchase price of approximately US$115 million.
Specifically developed for light subsea construction with intervention duties, the vessels will be of VARD 3 08 design and are scheduled for delivery in 3Q 2017 and 4Q 2017. Topaz retains an option for two more vessels.
The DP2 class vessels will have a 120-ton active heave compensated offshore crane with the capability to reach working depths of 3,000 meters. Subsea equipment can be lowered down onto the seabed through a moonpool or over the shipside. In addition, both vessels will be prepared for two Remote Operated Vehicles (ROVs), which are deployed via Launch and Recovery Systems (LARS) in the ship’s side. The vessels will be built according to the latest Special Purpose Ship (SPS) regulations, with diesel electric engines and the ability to accommodate up to 82 persons in high standard cabins.
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 more than 95 offshore support vessels of an average age of 7 years. Topaz is a subsidiary of Renaissance Services SAOG, a publicly traded company on the Muscat Securities Market, Oman.