Topaz Energy & Marine wins big: awared 2 BP contracts to operate in Azerbaijan's largest oil fields
Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, said it had received two contracts with BP in Azerbaijan’s largest oil and gas fields worth around $100 million.
Topaz has acquired two European built Platform Supply Vessels (PSVs) to serve the contracts which stretch over five years, including options.
The boats will be deployed in Q4 2013 and Q2 2014 in support of BP’s operations in the Azerbaijan offshore fields of ACG and Shah Deniz 2 performing supply duties.
Rene Kofod-Olsen, CEO, Topaz Energy and Marine, said: “These contract awards for additional vessels in Azerbaijan reflect BP’s commitment to our long-term working relationship in the growing Caspian market and their confidence in the reliability, quality and capability of our vessels and our seafarers”.
The vessels are a 3,300 deadweight ton PSV and a 4,000 deadweight ton PSV, both modern, high-spec boats equipped with dynamic positioning level 2.
The addition of the boats will bring Topaz’s fleet size in the Azeri waters of the Caspian to a total of 26 vessels.
Topaz has been operating in the Caspian since its acquisition of BUE Marine in 2005 and has unrivaled experience of operating offshore support vessels for some of the world’s leading energy companies in the Caspian Sea.
- Gazans reach beyond Israeli blockade through start-up
- France is playing a risky dating game in the Gulf: experts
- Egyptian stocks plummet as Yemen confict deepens
- Mission to Mars: UAE plans Arab region's first unmanned probe
- Supervising the stoners: Egyptian tobacco traders call for the legalization of cannabis