Vard gets $100 millon order for Topaz twosome

SEPTEMBER 28, 2015 — Vard Holdings Limited reports that it has won contracts worth a total of more than $100 million for the design and construction of two Offshore Subsea Construction Vessels for a new customer, Dubai-based Topaz Energy and Marine.



Developed for crane operations and light subsea construction with intervention duties, the 98.1m x 20 m vessels will be of Vard 3 08 design by Vard Design in Ålesund, Norway.

They will be delivered from Vard's Brattvaag shipyard in Norway in 3Q 2017 and 4Q 2017 respectively. The hulls will be constructed at the Vard Tulcea shipyard in Romania.

The DP2 class vessels will have a 120-ton active heave compensated offshore crane with the capability to reach working depths of 3,000 m.

Subsea equipment can be lowered down onto the seabed through a 7.2 m x 7.2 m moonpool or over the side of the ship.

Both vessels will be prepared for two Remote Operated Vehicles (ROVs), deployed via Launch and Recovery Systems (LARS) in the ship's side.

The vessels will be built according to the latest Special Purpose Ship (SPS) regulations, and can accommodate up to 82 persons in high standard cabins.

"We are honored to receive these contracts from our new customer in Dubai, and are pleased to welcome the company into Vard's client portfolio," said Vard CEO and Executive Director Roy Reite. "We look forward to developing these new vessels closely with the Topaz team."

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