Adyard buoyed by AED 130mln fabrication deal

Topaz Energy and Marine Ltd. has announced that its Abu Dhabi-based oil & gas subsidiary Adyard LLC has been awarded an AED 130 million contract by Swiss-based Single Buoy Moorings Inc. (SBM)

The contract is for the fabrication of a Mobile Offshore Production Unit (MOPU) for Talisman Energy, one of Canada's largest petroleum companies. The MOPU is to be located on the YME Field in the Norwegian sector of the North Sea. The contract entails the fabrication and load out of the hull, topsides and related works. The process equipment will be fabricated in modules and installed on the hull at the Adyard jetty in Abu Dhabi. The work will be executed at Adyard’s 140,000 sqm water front facilities located in the Mussafah industrial area of Abu Dhabi over the next 18 months. SBM is a market leader in the conversion and operation of Floating Production, Storage and Offloading vessels (FPSO’s) worldwide and this award marks the fourth contract SBM has awarded to Adyard over the last 12 months.

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