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>

<< Jul 2019 >>
MTWTFSS
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 31 1 2 3 4

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >