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23 February 2024

Topaz unit in $42m Total deal

By Staff Writer

Topaz Energy and Marine Limited, a Dubai-based Offshore vessel owner and operator, has announced that its subsidiary has signed a contract with oil major Total E&P, Qatar, for two of its vessels – Topaz Jumeirah and DMS 2000 with effect from February 16.

With the signing of the deal, the current contract of Topaz Jumeirah and DMS 2000 gets renewed with Total for two years with extension options.

The two vessels are both Anchor Handling Tug Supply Vessels (AHTSV's). DMS 2000 has been working with Total-Qatar for the past two years, while Topaz Jumeirah has been working for the past six months.

The contract value for both the vessels including options, is valued at more than $42 million (Dh154m) and is in direct continuation of their current ongoing contracts.

The two vessels will support the drilling programmes of Total in the Al Khalij field in offshore Qatar and will be operated by Doha Marine Services from their offices in Doha.

"The award of the new contract by Total- Qatar reflects Total's confidence in the reliability and capability of our vessels and the synergy brought in by two companies-Doha Marine Services and Nico Middle East Limited, now part of the newly formed entity Topaz Marine Mena," said Ron Clark, General Manager of Topaz Marine Mena.