Vessel

Dubai-based Topaz Energy and Marine is set to acquire two subsea vessels from Norway-based Vard Brattvaag for $115m.

The new VARD 3 08 design offshore subsea construction (OSCV) vessels, specifically developed for light subsea construction with intervention duties, are scheduled for delivery from Vard Brattvaag in Norway in the third quarter of 2017 and forth quarter of 2017.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Measuring a total length of 98.1m with a beam of 20m, the new vessels will be capable of accommodating up to 82 people in high standard cabins.

"We have confidence in the growth of the subsea sector and accordingly we’re reinvesting in our subsea-capable fleet with these innovative and fit-for-purpose vessels."

Topaz Energy and Marine CEO René Kofod-Olsen said: "We have confidence in the growth of the subsea sector and accordingly we’re reinvesting in our subsea-capable fleet with these innovative and fit-for-purpose vessels."

With a 120t active heave compensated offshore crane, the DP2 class vessels will be prepared for two remote operated vehicles (ROVs), which are deployed through launch and recovery systems (LARS) in the ship’s side.

See Also:

The vessels would be built by Vard according to the special purpose ship (SPS) regulations with diesel electric engines.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Vard Design in Ålesund, Norway has designed the vessels, while the hulls would be constructed at Vard Tulcea in Romania.

Vard CEO and executive director Roy Reite said: "We are honoured to receive these contracts from our new customer in Dubai, and are pleased to welcome the company into VARD’s client portfolio.

"We look forward to developing these new vessels closely with the Topaz team."

Image: Topaz’s two new subsea vessels will be of VARD 3 08 design. Photo: courtesy of Topaz Energy and Marine.