20 December 2015, Dubai, UAE

Topaz Energy and Marine ("Topaz"), a leading international offshore support vessel company, has scooped two awards at this year's Lloyd's List Middle East and Indian Subcontinent awards evening in the categories of 'Offshore and Energy' and 'Maritime Services'. Topaz was also Highly Commended for the Safety Award at the ceremony held in Dubai this month.

The awards recognise Topaz's excellence in providing services to the offshore industry with entries judged on elements such as customer service, safety, environmental protection, cost management as well as vessel efficiency and reliability and company profitability.

Topaz's long-term strategic focus of maintaining a younger fleet drives safe, environmentally-friendly and cost-effective services, resulting in higher utilization, which currently sits at 87% despite challenging market conditions. Its excellent safety track record, capital discipline and excellent operational health and safety track record have helped entrench its MENA and Caspian stronghold and facilitate its expansion into new markets in Africa. 

René Kofod-Olsen, CEO, Topaz Energy and Marine, said: 

"It is an honour to be selected for not one but two awards at the highly regarded Lloyd's List awards event among a highly competitive peer group.

"At Topaz, we pride ourselves on our young and technologically advanced fleet, our model of securing medium to long-term contracts and our ability to actively manage costs in a difficult operating environment. These awards provide external recognition of our efforts in providing best-in-class services to the offshore industry and I would like to dedicate the awards to our seafarers working across the MENA, Caspian and African regions who dedicate themselves every day to excelling in our industry." 

This is the third award Topaz has received this year having been selected as the winner of the 'The Safety and Quality Award' at the 2015 Seatrade Maritime Awards in Abu Dhabi in November, which recognises the Company's uncompromising focus on safety and its consistently strong safety performance over its 40-year history.

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About Topaz Energy and Marine
Topaz Energy and Marine is a leading offshore support vessel company providing marine solutions to the global energy industry with primary focus on the Caspian, Middle East, West Africa and Subsea operations in the North Sea and Gulf of Mexico. Headquartered in Dubai with 40 years of experience in the Middle East, Topaz operates a fleet of more than 95 offshore support vessels of an average age of 7 years. Topaz is a subsidiary of Renaissance Services SAOG, a publicly traded company on the Muscat Securities Market, Oman.

For media inquiries, please contact:      
FTI Consulting, Dubai
John Hobday, Jon Earl, Amy Piek
Tel: +971 (0)4 437 2100
Email: topaz@fticonsulting.com

FTI Consulting, London
Ben Brewerton, George Parker, Emerson Clarke
Tel: +44 203 727 1000
Email: topaz@fticonsulting.com

© Press Release 2015