Topaz Energy and Marine CEO named Offshore Leader of Year

DUBAI: René Kofod-Olsen, CEO of Topaz Energy and Marine (Topaz is a subsidiary of Renaissance Services, a publicly traded company on the Muscat Securities Market, Oman), has been named ‘ Offshore Leader of the Year’ by leading trade publication Offshore Support Journal (OSJ) at the Annual OSJ Conference and Awards, London.

The event brings together international oil and gas companies and the offshore support industry, to discuss future challenges and opportunities, in a sector hit hard by the prolonged oil crisis but that is showing signs of recovery. Under KofodOlsen’s stewardship, Topaz has weathered the storm better than most. Having successfully refinanced the business in 2012, the company has gone on to secure several significant longterm contracts with majors, maintaining an industry leading backlog of USD$ 1.5 billion with a strong safety record.

Such accomplishments have led the OSJ to present the CEO with one of their top awards, which recognises market performance, commitment to excellence and trend-setting, as well as leadership in driving strategy and an inspiring vision.

René Kofod-Olsen, chief executive officer, Topaz Energy and Marine, said, “It’s an honour to receive this award, which is recognition for what Topaz has achieved in an increasingly complex environment. During the downturn, we took the opportunity to remodel the business - taking out inefficiencies and building its capital - yet not losing sight of how we deliver the greatest value to clients.”

He added, “We have continued to invest in our fleet and to empower our offshore organisation to meet the changing demands of our longer-term contracts. And crucially, we remained bold enough to propose smart solutions for our clients; and not just the standard service offerings to win business.”