Dubai, 5th April 2009:  Topaz Energy and Marine subsidiary, Adyard Abu Dhabi LLC recently completed the construction of Berth 6 LNG Loading module for Qatargas. One of the key highlights of the project was the safe completion of 500,000 man hours without a lost time injury (LTI).

The USD 17 million project was awarded to Adyard by Fluor as a construction contract in January last year. The project included the Company undertaking detail engineering, fabrication & construction of module structures including installation of LNG tank, pumps and pipelines. The scope of work also included electrical & instrumentation work, cold insulation of pipelines and Epoxy fire proofing of the module. The module will be transported to, and installed at the Ras Laffan Qatar Site in the first and second week of April.

Qatargas is in the process of developing an integrated LNG storage and loading facility at Ras Laffan Industrial City on the North-East coast of Qatar.

Fazel A. Fazelbhoy, CEO of Topaz Energy and Marine was quoted saying; "This project success once again underscores Topaz's ability of successfully and safely delivering large-scale, complex engineering projects."

Adyard will in 2009 operate as a key part of Topaz Engineering, the newly formed engineering division of Topaz Energy and Marine. Topaz Engineering operates through four strategic business units: Topaz Fabrication & Construction, Topaz Marine Repair, Topaz Ship Building and Topaz Maintenance Services. Through Topaz Engineering, Adyard will be able to leverage the great financial resources of Topaz and the resources & capabilities of its sister companies to grow further in all areas of operation. Topaz gives size and scale, and immediate possibilities to expand Adyard's Client base in new markets. The Clients of the Topaz Engineering Division will benefit from extremely cost-efficient operations, an unrelenting focus on HSE, wide-ranging capabilities, decades of experience and an unparalleled geographical reach.

-Ends

About Topaz Energy and Marine Ltd.
Topaz Energy and Marine Ltd. is today one of the world's leading marine services and oil & gas fabrication companies with over 35 years of experience in the Middle East. Topaz is a wholly owned subsidiary of Renaissance Services SAOG, a publicly traded company on the Muscat Securities Market. Operating throughout the Middle East and the Caspian with vessel operations in North Africa and S.E. Asia, Topaz employs over 6,000 people. With its operational headquarters in Dubai, UAE, 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