Topaz to acquire two subsea construction vessels from Vard Brattvaag

Offshore staff

DUBAI, UAE Topaz Energy and Marine has acquired two subsea vessels from Vard Brattvaag in Norway at a purchase price of approximately $115 million.

Developed for light subsea construction with intervention duties, the vessels will be of VARD 3 08 design and are scheduled for delivery in 3Q 2017 and 4Q 2017. Topaz retains an option for two more vessels.

The DP-2 class vessels will have a 120-ton active heave compensated offshore crane with the capability to reach working depths of 3,000 m (9,842 ft). Subsea equipment can be lowered down onto the seabed through a moonpool or over the shipside.

In addition, Topaz said both vessels will be prepared for two ROVs deployed via launch and recovery systems in the ship’s side.

The vessels will be built according to the latest Special Purpose Ship regulations, with diesel electric engines and the ability to accommodate up to 82 persons in high standard cabins.

“We have confidence in the growth of the subsea sector and accordingly we’re reinvesting in our subsea-capable fleet with these innovative and fit-for-purpose vessels,” said René Kofod-Olsen, CEO of Topaz Energy and Marine.

“By building in what is a challenging time for the industry we have minimized costs, and believe that at the time of delivery the market will have rebalanced sufficiently to be generating healthy demand.”

09/29/2015

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