Gentas Group News

Topaz Signs $160 Million Contracts

Topaz Energy and Marine, an oilfield services group, has recently signed long-term vessel support contracts with prominent clients totaling $160 million. Topaz’s cable-lay vessel, the "TEAM Oman," has been contracted to ABB for a five-year wind farm support contract plus options. The work will commence in early 2012 and involves a significant upgrade to the vessel which will enable her to carry out all interconnector and repair work in the wind farm industry. This award is in direct continuation of a successful two year charter in the North Sea renewable energy sector for ABB AB, High Voltage Cables. In the Arabian Gulf, the newly-built anchor-handling tug supply vessel, the "Topaz Khubayb," has been awarded a three-year contract plus options with Saudi Aramco.