Topaz subsidiary signs US$42 million contract with major Qatar Oil Company

Dubai-based offshore vessel owner and operator, Topaz Energy and Marine has announced that its subsidiary has signed a new contract with oil major Total E&P-Qatar, for two of its vessels, ‘Topaz Jumeirah’ and ‘DMS 2000’ with effect from February 16, 2009.

With the signing of the contract, the current contract of ‘Topaz Jumeirah’ and ‘DMS 2000’ gets renewed with TOTAL for a period of two years with extension options. The two vessels signed under contract are both AHTS vessels. ‘DMS 2000’ has been working with TOTAL- Qatar for the past two years while ‘Topaz Jumeirah’ has been working for the last six months. The contract value for both the vessels including options is valued at over US$42 million and is in direct continuation of their current ongoing contracts. The two vessels will support the drilling programs of TOTAL in the Al Khalij field in Offshore Qatar and will be operated by Doha Marine Services from their offices in Doha.

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