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    Topaz orders two light construction vessels

    Vessel & ROV News // September 28, 2015

    Topaz has ordered two light construction vessels from Vard.

    Topaz Energy and Marine is to acquire two subsea vessels from Vard Brattvaag in Norway at a purchase price of approximately US$115 million.

    Specifically developed for light subsea construction with intervention duties, the vessels will be of VARD 3 08 design and are scheduled for delivery in the third and fourth quarters of 2017. Topaz has an option for two more vessels of the same type.

    René Kofod-Olsen, CEO of Topaz Energy and Marine, said: “We have confidence in the growth of the subsea sector and accordingly we are investing in our subsea fleet with these innovative and fit-for-purpose vessels.

    "By building in what is a challenging time for the industry we have minimized costs, and believe that at the time of delivery the market will have rebalanced sufficiently to be generating healthy demand. These highly capable, energy efficient and cost-effective vessels will benefit Topaz and our global clients immensely."

    The DP2 vessels will have a 120 tonne active heave-compensated offshore crane with the capability to reach working depths of 3,000m. Subsea equipment can be lowered down onto the seabed through a moonpool or over the side.

    In addition, both vessels will be prepared for two ROVs, deployed via launch and recovery systems.

    The vessels will be built according to the latest Special Purpose Ship (SPS) regulations, with diesel-electric machinery and the ability to accommodate up to 82 people in high standard cabins.

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