Topaz awarded Dh367.32 million contract

February, 05th 2011

Dubai: Topaz Engineering, a division of Topaz Energy and Marine, has been awarded a $100 million (Dh367.32 million) EPC contract for the Phase IV Oil Storage Terminal for GPSChemoil in Fujairah.

Through its subsidiary, Nico International Hydrospace, Topaz Engineering has won one of the major tank terminal repeat contracts in Fujairah for GPSChemoil, a partnership between Gulf Petrol Supplies and Chemoil.

The 580,000 square metre terminal is one of the largest EPC tank terminal projects awarded to Topaz Engineering in the recent past in terms of project value and terminal size, the company said.

The fully automated storage terminal is equipped with a facility for loading and receiving middle distillates, gas and fuel oil from shipping berths via eight loading and receiving pipelines running from the jetties to the terminal.

Bill Bayliss, Topaz Engineering COO, commented on the project award: "With major ongoing projects in the region, Topaz Engineering has emerged as one of the leaders in the oil and gas industry on the eastern coast of the Emirates, particularly for onshore plant construction works on an EPC basis. The confidence shown by GPSChemoil in Topaz's EPC project capabilities with this award, reflects our successful execution of vital projects on GPSChemoil's behalf."

The scope of work, which is expected to take almost two years to complete, includes complete engineering, procurement of all materials, tanks and critical equipment, and the construction of the entire tank farm. Work will also extend to commissioning and hook up to the existing facilities of the Port of Fujairah and the GPS terminal.

Source: gulfnews.com