Reach takes Topaz subsea vessel on long-term charter

Norwegian contractor Reach Subsea has agreed to charter Topaz Energy and Marine’s new subsea vessel Topaz Tiamat.

Nov 8th, 2018
Subsea construction vessel Topaz Tiamat
Subsea construction vessel Topaz Tiamat

Offshore staff

DUBAI, UAE – Norwegian contractor Reach Subsea has agreed to charter Topaz Energy and Marine’s new subsea vessel Topaz Tiamat.

Topaz commissioned Vard Norway to build the vessel in 2015 as part of its fleet renewal strategy.

Mobilization will start immediately, including minor upgrades, with mid-February the targeted date for delivery to Reach for the firm two-and-a-half-year charter.

Thereafter, there are three-yearly add-on options. The vessel will primarily support IMR, subsea construction, and survey projects.

TheTopaz Tiamat is a 1,000-sq m (10,764-sq ft), diesel-electric light subsea construction vessel with accommodation for 82 personnel and features an AHC 120-metric ton (132-ton) subsea construction crane.

It is said to be built to the highest North Sea standards. The charter terms include a battery pack upgrade to drive further fuel savings and reduce the vessel’s environmental footprint, and integration of two hangar deployed, deepwater capable work-class ROVs.

Rene Kofod-Olsen, CEO of Topaz Energy and Marine said: “This newbuild project was executed counter-cyclically at a time of great turmoil in the broader offshore market, making it particularly rewarding to see the first vessel leave the yard and, as expected, go straight onto a significant long-term contract…”

Sister vesselTangaroa was also designed with, and built by, Vard Norway.

11/08/2018

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