Dubai, 15th March 2009: The Topaz Energy & Marine subsidiary; Nico Craft yesterday launched a crew boat named 'Express 19' for Miclyn Express Offshore, Singapore. The 23 metre crew boat was designed by Technicraft, New Zealand and all the engineering and construction work was undertaken by Nico Craft in Fujairah, part of the Topaz Engineering Division.

'Express 19'; a medium speed monohull vessel is designed to service vessels within a distance of 50 nautical miles from port of refuge. The boat is constructed using welded seawater resistant aluminium alloy and the hull is a semi-planing type. The overall length is 23.1 metres on a moulded beam of 5.6 metres and a draught of 1.2 metres.

The crew boat has a deck cargo capacity of 32 square metres and can carry a crew of four and up to twelve passengers at speeds up to 24 knots. The vessel was built under Bureau Veritas certification.

Nico Craft recently signed off the delivery of the 17.2 metre crew boat- 'DNV Express 18', also for Miclyn Express Offshore. Nico Craft, established to cater to the increasing demand for work boats in the region, currently has over ten boats under construction, five of which are steel mono hull crew boats designed by Incat Crowther, Australia. Nico Craft's focus has mainly been passenger ferries, fast patrol boats, crew boats, utility boats and various commercial craft up to 40 meters LOA. Its new state-of-the-art facility has 2 sheds of 120 meters each with all the required machinery including a 200-tonne capacity Marine Travelift.

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About Topaz Energy and Marine
Topaz Energy and Marine Ltd. is a wholly owned subsidiary of Renaissance Services SAOG, a publicly traded company on the Muscat Securities Market. Topaz is one of the leading marine and oil & gas fabrication companies in the Middle East with over 35 years of experience in the region. Operating throughout the Middle East and the Caspian with vessel operations in North Africa and S.E. Asia, Topaz employs over 6,000 staff. With its operational headquarters in Dubai, Topaz will in 2009 operate under two primary business divisions - Topaz Marine and Topaz Engineering. Topaz Marine; the offshore support vessels division comprises Nico Middle East, Doha Marine Services, Topaz Saudi Arabia, BUE Caspian, BUE Kazakhstan & BUE Turkmenistan. Topaz Engineering comprises Adyard (Abu Dhabi) and Nico International.

© Press Release 2009