TOPAZ SUBSIDIARY STRETCHES FOR SLICE OF GROWING CASPIAN OFFSHORE OIL & GAS MARKET

Published March 27th, 2006 - 12:17 GMT
Al Bawaba
Al Bawaba

Topaz Energy and Marine Ltd. subsidiary Nico International, one of Dubai’s most prominent ship repair companies, recently announced that it will open a new ship repair facility in Bautino, Kazakhstan later this year, after completing a feasibility study and conducting an in-depth market assessment of the Caspian region

Based on the findings of their research, Kazakhstan nationals will be recruited and trained in Dubai on ISO9001 quality management system, whilst Nico’s own engineers will need to understand how best to operate in the extreme weather conditions prevalent in the Caspian region especially during winter.

The General Manager of Nico International, Mr. Fazel Fazelbhoy commented, “The oil & gas exploration work being conducted in the Kashagan oilfield in the Caspian region creates vast and sustainable long term opportunities for companies like Nico International. We have had many successful years of experience in afloat repair services to offshore vessel owners and operators throughout the region.”

Due to the extreme winter weather conditions in the Caspian region, engineers at Nico International will have to adapt to the harsh working environment, and certain modifications will be needed to the operating equipment. However, the opportunity to enter the market will enable them to further expand their market reach and core capabilities in the growing offshore oil & gas market.

Fazelbhoy added, “Initially, Nico International will be bringing Kazakhstan nationals to Dubai to train over the coming months in preparation for the opening of the specialised facility in Bautino. Once fully trained they will be able to assist us in further recruitment and to develop a professional team made up predominantly of Kazakhstan nationals to manage our operations out there.”

Nico’s experienced engineers will supplement the local know-how, with their expertise and oversee the operations, guaranteeing the quality of workmanship as an extension to its ISO9001 quality management system.

Topaz Energy and Marine Ltd. is one of Dubai’s leading Oil & Gas and Marine services companies.

 

 

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