Oman’s Topez Secures $100M Contract

Oman’s Topez Secures $100M Contract

Topez Energy and Marine secured a contract to supply Dragon Oil Turkmenistan with six vessels, Oman Tribune reports. The contract is worth $100 million.

Dragon Oil Turkmenistan will lease an emergency recovery-and-response (ERRV) vessel and five anchor-handling tug supply (AHTS) vessels for a term of five years with an option for a two-year extension, according to Zawya.

The CEO of Topaz Energy and Marine, Rene Kofod-Olson, stated that “[t]he contract not only increases our revenue backlog above $1.5 billion, but it also demonstrates the trust that Dragon Oil has places in our ability to deliver the technology and safety capabilities our clients increasingly require,” reports Oman Tribune.

Topaz Energy and Marine, while based out of Dubai, is a subsidiary of the Omani Renaissance Services SAOG. Its offshore fleet is comprised of more than 90 vessels.

Dragon Oil, headquartered in Dubai and a subsidiary of Emirates National Oil Company (ENOC), specializes in oil and gas exploration and production.


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