Topaz Energy and Marine expands Caspian presence

Offshore support vessel owner secures new multi-year charters.
Roy Donaldson, chief operating officer, Topaz Energy and Marine.
Roy Donaldson, chief operating officer, Topaz Energy and Marine.

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Dubai-based offshore support vessel owner Topaz Energy and Marine has secured new multi-year charters in the Russian Filanovsky project for nine of its offshore support vessels amounting to circa US$20 million.

The vessels have been deployed to offshore contractor Saipem and will support the development of the Filanovsky oil and gas field in the Northern Caspian Sea. The vessels will provide anchor-handling and tug services as well as transport of supplies and personnel. The total proven reserves of the Filanovsky field are estimated to be around 1.3 billion barrels.

Roy Donaldson, chief operating officer, Topaz Energy and Marine said: ”The developing Russian sector offers a great deal of exciting new prospects for Topaz which is already well-established in the Caspian. Our fleet is young, diverse, well-equipped, and can stand up to the challenge of working in harsh climates and arduous environmental conditions like in the Northern Caspian.

“We also enjoy a good working relationship with Saipem having worked with them for several years in their projects in Kazakhstan. Following Saipem into this new market is a natural transition for Topaz and we now have significant operations in the four corners of the Caspian Sea.”

Topaz Energy and Marine provides marine solutions to the global energy industry with primary focus on the Middle East and 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 with an average age of 7.5 years.

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

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