Azernews.Az

By Aynur Jafarova

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian Seas region, has won two contracts worth $100 million with British BP for supply of additional vessels to Azerbaijan's largest oil and gas fields, the company said on November 25.

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 the fourth quarter of 2013 and the second quarter of 2014 in support of BP's operations in the giant Azeri-Chirag-Gunashli (AGC) block of oil and gas fields and the second phase of development of the giant Shah Deniz gas condensate field performing supply duties.

"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," CEO of Topaz Energy and Marine René Kofod-Olsen said.

The vessels include 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 Energy and Marine is a leading offshore support vessel company providing marine solutions to the global energy industry with primary focus on the Middle East and the Caspian Sea.

It has been operating in the Caspian since its acquisition of BUE Marine in 2005 and has unrivalled experience of operating offshore support vessels for some of the world's leading energy companies in the Caspian Sea.

Headquartered in Dubai with 40 years of experience in the Middle East, Topaz operates a fleet of more than 90 offshore support vessels of an average age of 7 years.

Topaz is a wholly owned subsidiary of Renaissance Services SAOG, a publicly traded company on the Muscat Securities Market, Oman.