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Oman Shipyard Delivers Two OSV's for BP

Maritime Activity Reports, Inc.

May 10, 2012

Oman's Renaissance Services' shipyard Topaz Energy & Marine has delivered & will operate two OSV's on BP hire contract

The two sister vessels — Topaz Dignity and Topaz Triumph — will be operated by Topaz Marine on behalf of BP, the oil and gas major, on a long-term contract basis in the Caspian Sea.
The ships will be fulfilling BPs’ demands for anchor handling/tug/support and transport of dry and liquid cargo to and from pipe-laying barges, drilling platforms and production platforms for its offshore operations.

The state-of-the-art vessels equipped with the latest cutting edge technical prowess are custom-built for Fi-Fi Class I and DP2 operations at a cost of approximately $50 million.

The Chairman of Renaissance Services, Samir Fancy, stated: “We believe that the production and delivery of the two vessels to an Oil and Gas giant such as BP will enhance and establish Topaz’s strengths and credibility as a leader in providing offshore support vessel and engineering solutions”.

Thomas Bower, Managing Director of Topaz Engineering, adds: “The offshore support vessel market is an important and stable market sector that has a positive growth potential over the next few years, due to the aging fleets that presently operate in this segment. The building of the two sister vessels — Topaz Dignity and Topaz Triumph — demonstrates that our Shipyard is capable of designing, building, and delivering complex vessels to support this market. This is a step towards achieving the growth strategy for our Company over the next few years.”

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