Topaz Delivers $75M Oil & Gas Project

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.