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Topaz Energy and Marine wins new contract in Azerbaijan

Topaz Energy and Marine wins new contract in Azerbaijan

Sep 25, 2017
2 min read
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UAE-based Topaz Energy and Marine announced a new contract with France’s oil major Total to supply vessels support for operations in Azerbaijan.

Topaz said it will supply its anchor-handling vessel Topaz Triumph to TEPAb to service one work-over and one development well in the Absheron offshore field. The work is estimated to take more than one year. It did not disclose the contract value.

First discovered in 2011, the Absheron Field is being developed under an early production scheme, reflected in the development programme agreed by State Oil Company of Azerbaijan (SOCAR) and contractor parties.  

Dubai-headquartered Topaz Energy and Marine primarily focuses on the Caspian Sea, the Middle East, West Africa and Subsea operations in the North Sea and the Pacific.

Topaz operates an existing fleet of 97 offshore support vessels with an average age of approximately 9 years.

Azerbaijan has been an important market for Topaz over several decades, Topaz said, with its commitment to the Azerbaijani market being demonstrated through the company’s continued investment in the region and its high levels of localisation.

“This is a significant contract for Topaz,” said René Kofod-Olsen, CEO, Topaz Energy and Marine. “Our record of providing solutions with focus on safety and value across our operations has helped us secure this nomination and we look forward to delivering our consistent and world-class service for the development of the Absheron field.” 

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