Adyard buoyed by Dhs130m fabrication deal

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.

Commenting on the award Jim Masterton, General Manager for Adyard Abu Dhabi LLC said, "Adyard's expertise in offshore fabrication of heavy structures for the energy industry. Our competitive pricing demonstrates our strengths and capabilities as one of the regions' premier oil & gas fabrication companyies."

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. Previously Adyard had won contracts for two CALM Buoys and PLEMS and five modules for the Frade (FPSO) for U.S. oil giant Chevron.

Overall 2007 has been an exceptionally successful year for Adyard, after winning a combination of multi-million dollar contracts from Viola Water, Atlantis and the Chiyoda - Technip joint venture.

Based in Dubai, Topaz Energy and Marine is one of the UAE's largest Oil & Gas service companies.