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Tuesday, November 10 - 2009

Topaz Energy and Marine Ltd. successfully commissions FAL Project worth Dhs90m

  • United Arab Emirates: Monday, November 10 - 2008 at 13:59
  • PRESS RELEASE

Topaz Energy and Marine Ltd through its subsidiary Nico International has achieved yet another major milestone by successfully by successfully completing the construction of an oil and storage terminal of 60,000 cubic meters capacity for FAL Energy.

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One of the key highlights of the achievement is that the project clocked in excess of 1 million man hours without loss time injury. The project was awarded to Nico as a construction contract in the beginning of year 2007.

During this project for FAL Energy, the company has built 8 storage tanks 4 of which are 30mtr dia X 17mtr ht and 2 of 20mtr dia X 17mtr ht. The tanks have been constructed to the highest quality levels and complied with API 650. The storage terminal built on EPC basis includes 3 marine and truck loading arms, pipelines-above ground and underground of approx. 4 Km & 1 km respectively, pipe racks, hot oil unit, in line blenders, oily water separator, flow control and monitoring systems and the entire substation, control room and administration building.

The HT power was allocated from one of DEWA substations and the electrical works was in compliance with the local requirements of DEWA. The entire facility including civil and structural works was designed as per the latest regulations, codes and standards. The value of the project is over Dhs90m. The project commenced in January last year and major work concluded in May 2008 with the statutory approvals done last week.

Fazel A. Fazelbhoy, Topaz Energy and Marine CEO said that:
"The Project has been completed in the most optimal time schedule and has met the highest quality standards. The success of the project helps us in being cited as one of the major storage terminal contracting companies in the region. There are many such similar projects in the pipeline and we look at completing them with the best of our abilities."
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Notes and media contacts

About TOPAZ ENERGY AND MARINE LTD.
Topaz Energy and Marine Ltd. a wholly owned subsidiary of Renaissance Services SAOG , is one of the leading marine and oil & gas fabrication companies in the Middle East with over 30 years experience in the region. Operating throughout the Middle East, Caspian and S.E. Asia, Topaz employs over 5,500 employees. With its operational headquarters in Dubai, UAE, Topaz operates two primary business divisions Topaz Marine Services which is an Offshore Support Vessels (OSV) Division comprising NICO Middle East Ltd., BUE Caspian, BUE Kazakhstan & BUE Turkmenistan; and Topaz Engineering Services the engineering services division comprising ADYARD Abu Dhabi LLC and Nico International.

Contact Information
Monika Baranwal
Corporate Communications Officer
Topaz Energy and Marine Ltd
P.O. Box 12068, Dubai
United Arab Emirates
Tel: +971 4 3391351
Fax: +971 4 3391352
Mob: +971 50 4526813

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