Azernews.Az

By Sara Rajabova

Topaz Energy and Marine has confirmed its presence in for the Offshore Support Vessels Caspian Region conference, which is scheduled to take place in Azerbaijan’s capital city Baku on March 9-12.

René Kofod-Olsen, Chief Executive Officer, Topaz Energy and Marine joined an impressive list of industry stalwarts to show the business opportunities in the high margin Caspian market.

Supported by the local alliance of OSV operators Azerbaijan Caspian Shipping Company and Caspian Marine Services, IBC’s Offshore Support Vessels Caspian Region will be a unique event for the international industry.

As markets face headwinds, some regions will hold their own based on existing projects and committed investment. The Caspian Region is a niche but shining example and the who’s who list of speakers reflects the markets interest in the region.

The OSV Operators and charterers includeTopaz Energy and Marine, Bumi Armada, Swire Seabed Caspian, GAC Marine Kazakhstan LLP, Wagenborg Kazakhstan BV, ICON Offshore, BP, Caspian Offshore Construction and Dalgidj P.C .

With taking part in this conference, the attendees will gain access the Caspian market, establish partnerships with leading local players, understand the fleet diversity requirements, as well as meet the operational and financing considerations.

Bucking the sector trend, E&P investments in the Caspian region are booming. Investments to the tune of $40 billion are expected in the sector, and this is creating numerous opportunities for related businesses. An immediate consequence is the positive outlook for Offshore Support Vessels in the region.

Through the inaugural OSV Conference in Baku, Azerbaijan, IBC’s Offshore Support Vessels Caspian Region is the industry’s first OSV conference for the region. Supported by the local alliance of OSV operators Azerbaijan Caspian Shipping Company and Caspian Marine Services, this will be a unique event for the international industry.

Offshore Support Vessels Caspian Region is the industry’s first OSV conference for the region. The participants will gain insights on entry of new market players, partnerships with local companies, business models in the Caspian and vessel requirements.

For more information, please visit the website at http://caspian.osvconference.com/

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Sara Rajabova is AzerNews’ staff journalist, follow her on Twitter: @SaraRajabova

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