Topaz Delivers $75M Oil & Gas Project

Monday, September 13, 2010
Photo courtesy Topaz Energy and Marine

Topaz Energy and Marine announced the project delivery of the deck structure of a Mobile Offshore Production Unit and storage (MOPUstor). The MOPUstor deck was constructed by Topaz Fabrication and Construction; part of the Topaz Engineering division under a subcontract from Single Buoy Moorings Inc for its client, Talisman Energy Norge AS. The value of Topaz Engineering’s portion of the work was $75m.
 
Topaz’s scope of work was fabrication and construction of the hull and topsides of the MOPU, project completion took more than two years with the workforce peaking at 1,400 men. The MOPUstor weighed 12,400 tonnes at load out and involved more than seven million man-hours all completed without a single Lost Time Incident (LTI).

The MOPU was constructed in Topaz’s Abu Dhabi yard (ADYARD) and is currently being transported to the Norwegian sector of the North Sea. The unit was loaded out onto a heavy lift transportation vessel for the 5,000km trip to Norway. The MOPU will be deployed in the ‘Yme’ field approximately 110km offshore on the Norwegian continental shelf at a water depth of 92 meters.

Bill Bayliss, COO of Topaz Engineering commented: “This is the largest project that Topaz Engineering has undertaken and it is probably the single largest offshore unit ever built in the Middle East. We are delighted about what has been achieved by Topaz Engineering. My great appreciation extends to the highly capable construction management team, our entire workforce and of course our client, SBM. What I’m most proud of is the fact that Topaz delivered the project without a single LTI. That is testament to the planning and supervisory skills of our project and QHSE teams.”

In 2009, Topaz achieved record results for the ninth consecutive year and posted revenue of $448m, EBITDA of $127m and net profit of $65m demonstrating year on year growth of 7%, 14% and 38% respectively.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Mermaid Maritime Bags Subsea Contracts, Delays Newbuilding

Thailand’s Mermaid Maritime said it has been awarded a number of subsea contracts in the Middle East with a total worth of $11million.   It has also reached

CBP, AMO Unveils New Interceptor Vessel

U.S. Customs and Border Protection (CBP) Air and Marine Operations (AMO) and SAFE Boat International celebrated the unveiling of AMO’s newest coastal interceptor vessel (CIV) Thursday.

Seaspan Acquires Eighth 14000 TEU Vessel

Seaspan Corporation (NYSE:SSW) announced today that it accepted delivery of a 14000 TEU containership, the YM Width. The new containership, which was constructed at CSBC Corporation,

Offshore

Mermaid Maritime Bags Subsea Contracts, Delays Newbuilding

Thailand’s Mermaid Maritime said it has been awarded a number of subsea contracts in the Middle East with a total worth of $11million.   It has also reached

Hercules Offshore Filing for Bankruptcy Again

Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.

DONG Energy Listing to Value Group at up to $16 Bln

DONG Energy's has set a potential $16 billion price tag on its stock market debut, giving investors a chance to buy into the growth in offshore wind power, but

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0914 sec (11 req/sec)