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Nico Internatioanl Opens New Bautino Facility

Maritime Activity Reports, Inc.

March 28, 2006

Topaz Energy and Marine Ltd. subsidiary Nico International recently announced that it will open a new ship repair facility in Bautino, Kazakhstan later this year, after completing a feasibility study and conducting an in-depth market assessment of the Caspian region. Based on the findings of their research, Kazakhstan nationals will be recruited and trained in Dubai on ISO9001 quality management system, while Nico's own engineers will need to understand how best to operate in the extreme weather conditions prevalent in the Caspian region especially during winter. Due to the extreme winter weather conditions in the Caspian region, engineers at Nico International will have to adapt to the harsh working environment, and certain modifications will be needed to the operating equipment. However, the opportunity to enter the market will enable them to further expand their market reach and core capabilities in the growing offshore oil & gas market. (Source: AME Info)

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