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UAE vessel company wins supply contract in West Africa

Technology

UAE’s offshore support vessel (OSV) company Topaz Energy and Marine, with primary operations in the Middle East, has won a new contract worth US$11mn in West Africa

Under the terms of the contract, Topaz Energy and Marine will supply an unnamed oil company with a platform supply vessel — the Topaz Faye — for 18 months to support its offshore production operations in the continent.

This contract after several recent contract wins in West Africa, the UAE-based company said.

The deployment of Topaz Faye in West Africa brings the total number of vessels under operation by Topaz Energy and Marine in the African region to 10, representing approximately 10 per cent of the company’s total fleet, a statement said.

As part of its global expansion strategy, the company is reportedly building up its capabilities in West Africa as the region represents a long-term growth opportunity for Topaz Energy and Marine.

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