Adyard Completes US$ 5.5 Million Atlantis Contract
Topaz Energy and Marine Ltd. has announced that its Abu Dhabi-based oil and gas subsidiary, Adyard L.L.C has completed a major contract from Atlantis Holding Norway AS a wholly-owned subsidiary of Chinese giant Sinochem Corporation. The US$ 5.5 million deal involved the fabrication, load out and transportation of the jacket and topsides for an off-shore platform, to be used by Atlantis for the development of the Um Al-Quwain gas field in the UAE.
“The 500 ton, 45 metre-high Jacket was lifted into vertical position in preparation for load out later this month at the Adyard fabrication yard in Mussafah. The scope of work required for the fabrication of this Jacket was ideally suited for Adyard and we are delighted with the progress to date and Health & Safety Executive (HSE) milestones achieved during the fabrication phase,” said Jim Masterton, General Manager, Adyard LLC.
Adyard who specialises in heavy fabrication, onshore and offshore oil & gas projects, rig repairs and workshop services, executed the work in their 80,000 square metre, water front facility, near Abu Dhabi. Atlantis is one of the major operators with over 20 years’ experience in the oil & gas industry and the contract which was completed on-time, further enhancing Adyard’s position and consolidating their entry into the market for the fabrication of offshore platforms including jackets, piles and topsides.
The concession for the Umm Al-Quwain field is held in partnership between Atlantis and the Abu Dhabi government-owned Mubadalah Development Co. (MDC), under an agreement with the emirate signed in December 1999.
Combined with the Zora field, which is shared by the emirates of Sharjah and Ajman the offshore gas fields are currently under development and once in production will jointly generate150 million cubic feet (MCF) per day in the first phase and up to 300 MCF per day at a later stage.
Adyard is a wholly owned subsidiary of Topaz Energy and Marine Ltd., one of the leading oil & gas energy services companies in the UAE.