Topaz’s OSV Flotilla to Support BP in Caspian Sea

UAE-based offshore support vessel company Topaz Energy and Marine has secured fourteen offshore support vessel contracts with oil and gas giant BP Exploration Caspian Sea.

Under the terms of the deal, Topaz will supply the vessels for a five year period plus two one-year options at current market terms, primarily in support of BP’s ACG and Shah Deniz II fields offshore Azerbaijan.

The agreement extends currently running contracts for the 14 vessels until 2023 including all options.

“The agreement provides a long-term platform from which to build further scale in the broader Caspian and adds significantly to Topaz’s credit strength through tremendous revenue visibility,” René Kofod-Olsen, Chief Executive Officer, Topaz Energy and Marine, said.

Topaz’s fleet contracted by BP under this agreement spans large anchor-handlers, platform supply vessels and emergency response and recovery vessels.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Seawork 2020

Seawork is Europe’s leading commercial marine and workboat exhibition, providing businesses the opportunity…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >